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California Quitclaim Deed from Corporation to Husband and Wife

Santa Clara California Quitclaim Deed from Corporation to Husband and Wife

Name: Santa Clara California Quitclaim Deed from Corporation to Husband and Wife
Brand: US Legal Forms
Rating: 4.59 (424 reviews)

Category:

California Real Estate - Deeds - Quitclaims

State:

California

County:

Santa Clara

Control #:

CA-010-77

Format:

Instant download

Description

This Quitclaim Deed from Corporation to Husband and Wife form is a Quitclaim Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and quitclaims the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws.

Santa Clara California Quitclaim Deed from Corporation to Husband and Wife is a legal document used to transfer ownership of real estate property from a corporation to a married couple, using a quitclaim deed form. This type of deed is commonly used in Santa Clara, California, and serves as evidence that the corporation is declaring to quit any claim or interest it may have in the property and transferring it to the husband and wife jointly. Keywords: Santa Clara California, quitclaim deed, corporation, husband and wife, real estate property, transfer of ownership, legal document, quit claim deed form. There are a few variations of Santa Clara California Quitclaim Deed from Corporation to Husband and Wife based on specific situations: 1. Santa Clara California Quitclaim Deed from Corporation to Husband and Wife for Residential Property: This type of quitclaim deed is used when a corporation wants to transfer ownership of a residential property to a married couple in Santa Clara, California. 2. Santa Clara California Quitclaim Deed from Corporation to Husband and Wife for Commercial Property: This variation is used when a corporation wishes to transfer ownership of a commercial property to a married couple in Santa Clara, California. 3. Santa Clara California Quitclaim Deed from Corporation to Husband and Wife with Reservation of Rights: In some cases, a corporation may choose to transfer ownership of a property to a married couple but reserves certain rights or restrictions. This variation allows the corporation to outline any limitations or conditions even after the transfer. 4. Santa Clara California Quitclaim Deed from Corporation to Husband and Wife with Release of Liability: This specific type of quitclaim deed ensures that the corporation releases any liability associated with the property to the husband and wife, thus protecting them from any future claims or issues. These different variations of Santa Clara California Quitclaim Deed from Corporation to Husband and Wife cater to specific scenarios and allow for effective transfer of ownership while addressing any unique circumstances or requirements. It's crucial to consult with a legal professional or a real estate attorney to ensure that the correct type of quitclaim deed is used based on the specific context and needs of the property transfer.

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FAQ

A California quitclaim deed form is a special type of deed used to transfer real estate without making guarantees about title to the property. A person that transfers property by quitclaim deed makes no promises that he or she owns or has clear title to the property.

The easiest way to grant your spouse title to your home is via a quitclaim deed (Californians generally use an interspousal grant deed). With a quitclaim deed, you can name your spouse as the property's joint owner. The quitclaim deed must include the property's description, including its boundary lines.

Quitclaim Deeds in California Anyone can give someone a quitclaim deed, but if the grantor doesn't actually own the property, the deed is worthless. As the grantee of a quitclaim deed, you don't have the right to sue the grantor for damages, making a quitclaim deed risky.

Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.

How to transfer property ownership Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.

Property and debts acquired during a marriage are joint property in California. This means that each spouse has equal rights and responsibilities in the marital home and any mortgage that's secured by it. When a spouse signs a quit claim deed, he gives up all rights to the property.

If real estate qualifies as separate property, a married individual may take title in his or her name alone. The deed should recite that the property belongs to that spouse as separate property. Although not a strict legal requirement, it is best practice for both spouses to also sign a Separate Property Agreement.

If the wife's name is not on the deed, it doesn't matter. It's still marital property because it was bought during the marriage. This makes it marital property and is still split between both parties. The wife is entitled to receive either equal share or equitable share of the house.

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

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The documentary transfer tax is due even if the instrument is not recorded in the county real estate records. Case opinion for CA Court of Appeal CITY OF SANTA CLARA v.Transfer property to one spouse as part of a divorce. For example, say you are getting divorced, and you and your spouse agree that you should keep the house. And Genevieve A. Nguyen, husband and wife as joint tenants; and c. 2) Delivers to the Buyer a policy of title insurance which shows title to the property vested in the name of the Buyer. Board of Equalization. Items 1 - 6 — of the League of California Ci ties Conference in San Diego, was adopted,. LAYMANCE REAL ESTATE CO.. , 460 and 462 ElshUi st. Spouse. The foregoing is set forth in Family Code section 850.

5. However, if the deed or will does not contain the above provisions, then the certificate of the transfer of property to the spouse does not constitute a record of that transfer. It is the “legal title” and no records will show the deed or will. Therefore, even if the transfer is not recorded in the county real estate records when the purchase of ownership actually occurs, the transfer is recorded and is subject to the transfer tax. The tax is imposed on the transfer of property by sale to a third party, as a gift. This is called a “gift” transfer tax. It is imposed regardless of whether the transfer is made by an instrument or a will. If you have a certificate, letterhead, or some other official indication of ownership that you transfer to your spouse, that does not satisfy the test and is subject to the transfer tax. The tax rate is 13 ½% per year on the transfer of “cash and money orders.

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Santa Clara California Quitclaim Deed from Corporation to Husband and Wife

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FAQ

What does a quitclaim deed do in California?

How do I add my wife to my deed in California?

Is a quitclaim deed valid in California?

What is the most commonly used deed to transfer property in California?

How do I transfer property to a family member quickly and effectively in California?

Does a spouse have the right to property after signing a quit claim deed in California?

Does my wife need to be on the deed California?

What are my rights if my name is not on a deed but married California?

What is a transfer deed in California?

What are the 2 main types of deeds to transfer property in California?

Interesting Questions

What is a Quitclaim Deed?

Why would a corporation use a Quitclaim Deed to transfer property to a husband and wife?

What does it mean when a Quitclaim Deed transfers property 'as-is'?

Can a Quitclaim Deed remove existing liens or mortgages on the property?

What should I do after receiving a Quitclaim Deed?

Does a Quitclaim Deed guarantee that the property has clear title?

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Santa Clara California Quitclaim Deed from Corporation to Husband and Wife

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