Chico California Grant Deed from Corporation to Individual

State:
California
City:
Chico
Control #:
CA-011-78
Format:
Word; 
Rich Text
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Description

This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee 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 state statutory laws.

A Chico California Grant Deed from Corporation to Individual is a legal document used to transfer ownership of real estate from a corporation to an individual in Chico, California. This type of deed provides the individual with full ownership rights to the property and serves as proof of the transfer. The Chico California Grant Deed from Corporation to Individual is a crucial step in the real estate transaction process, ensuring a clear and valid transfer of property ownership. It outlines the specific details of the transfer and includes information about the property, the corporation, and the individual involved in the transaction. There are a few different types of Chico California Grant Deed from Corporation to Individual, including: 1. General Grant Deed: This is the most common type of grant deed used in Chico, California. It transfers ownership of property from a corporation to an individual without any specific warranties or guarantees. 2. Special Warranty Deed: This type of grant deed also transfers ownership from a corporation to an individual but provides a limited warranty. The corporation guarantees that they have not taken any actions to hinder the individual's ownership rights, but they do not guarantee against any potential claims that may arise from previous ownership. 3. Quitclaim Deed: This deed transfers ownership without any warranties or guarantees. It allows the corporation to release any claims they may have to the property, but it does not guarantee that the title is free from other claims or encumbrances. These different types of Chico California Grant Deed from Corporation to Individual offer varying levels of protection and assurance to the individual buyer. It is important for both parties to understand the specific terms and provisions outlined in the deed before finalizing the transfer of property ownership. Overall, a Chico California Grant Deed from Corporation to Individual is a crucial legal document that facilitates the transfer of property ownership from a corporation to an individual in Chico, California. It is essential to consult with a qualified real estate attorney or professional to ensure that the deed is accurately prepared and executed, protecting the interests of both parties involved in the transaction.

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FAQ

California uses two types of deeds to change ownership of real property: grant deeds and quitclaim deeds. Further names such as warranty deed, interspousal deed, or trust transfer deed are simply special identification given to grant deeds or quitclaim deeds based on specific circumstances.

Deed. Deeds are valuable to buyers because they provide certain protections regarding the sale of property. A grant deed is a deed that ?grants? certain promises to the buyer: The property has not already been transferred to someone else.

Recording Fee for Grant DeedType of FeeFeeBase Fee G.C. § 27361(a) G.C. § 27361.4(a) G.C. § 27361.4(b) G.C. § 27361.4(c) G.C. § 27361(d)(1) G.C. § 27397 (c) Subsection 1$15.005 more rows

Step 1: Locate the Current Deed for the Property.Step 2: Determine What Type of Deed to Fill Out for Your Situation.Step 3: Determine How New Owners Will Take Title. Step 4: Fill Out the New Deed (Do Not Sign)Step 5: Grantor(s) Sign in Front of a Notary.Step 6: Fill Out the Preliminary Change of Ownership Report (PCOR)

Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.

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.

California doesn't require the inclusion of the date, or of money paid, or of a notarization of the transferor's signature on the grant deed, and a grant deed is valid even if it's not recorded in the local land records.

Calculating real property transfer tax is straightforward. Currently, most counties charge $1.10 per $1000 value of transferred real property in California. For example, on real property valued at $20,000, the county documentary tax would be $22.00.

Calculate the standard fee of $25.00 (this fee includes the $10.00 Real Estate Fraud Prevention Fee per GC 27388) for the first page and $3.00 for each additional fee. Review the Additional Fees to determine which additional fees and taxes apply.

Ideally, we want the deed recorded but how long it takes depends on the county and how well staffed they are. In Southern California, San Bernardino, Los Angeles where we do most of or work, Orange County, Riverside, San Diego, Central Valley, and Northern California it usually takes two to three weeks.

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Chico California Grant Deed from Corporation to Individual