Bakersfield California Grant Deed from Corporation to Corporation

State:
California
City:
Bakersfield
Control #:
CA-013-78
Format:
Word; 
Rich Text
Instant download

Description

This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. 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 Bakersfield California Grant Deed from Corporation to Corporation is a legal document that transfers ownership of real property from one corporation to another in Bakersfield, California. This type of deed ensures a clear and permanent transfer of property rights and is commonly used in commercial real estate transactions. The Bakersfield California Grant Deed from Corporation to Corporation is a specific type of grant deed tailored for transfers between corporations. It signifies that the transfer is occurring between legal entities rather than individuals. This instrument is often utilized when companies merge, acquire, or reorganize real estate assets. One type of Bakersfield California Grant Deed from Corporation to Corporation is the General Grant Deed. This type of deed guarantees that the corporate granter (the transferring corporation) holds full ownership of the property, with the right to sell or transfer it. The General Grant Deed provides a general warranty that no other parties have valid claims on the property. Another type of Bakersfield California Grant Deed from Corporation to Corporation is the Special Grant Deed. This deed, also known as a Limited Warranty Deed, differs from the General Grant Deed as it provides limited warranties to the grantee (the receiving corporation). The granter guarantees that no title defects occurred during the time they held the property but does not provide any warranty for previous issues. In a Bakersfield California Grant Deed from Corporation to Corporation, essential information is included, such as the legal description of the property, the names of the granter and grantee, the effective date of the transfer, and any relevant considerations or conditions agreed upon by both parties. The Bakersfield California Grant Deed from Corporation to Corporation ensures a legally binding transfer of property ownership, protecting both the granter and grantee from potential disputes or claims. It is recommended that corporations seek professional legal assistance to draft and execute this type of deed accurately and in compliance with California real estate laws.

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How to fill out Bakersfield California Grant Deed From Corporation To Corporation?

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FAQ

Take the deed to the recorder's office in the county where the property is located. Complete a Preliminary Change of Ownership Report, available in the recorder's office and online, by providing the names of the grantor and grantee, the type of transfer, the terms of transfer and the transfer price.

To do this in California, you will need a copy of the current deed ? for San Francisco property, visit the assessor-recorder's office in city hall ? as well as a preliminary change of ownership report form and a new grant deed form. You can find the forms online at a court or county law library website.

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.

While California does not require grant deeds to be recorded, almost all of them are in order to protect the grantee from any later transfer of the same property. As long as the grant deed is recorded, any potential purchaser would be on notice of the earlier sale to a new owner.

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.

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)

If Your Deed Is Not Recorded, the Property Could Be Sold Out From Under You (and Other Scary Scenarios) In practical terms, failure to have your property deed recorded would mean that, if you ever wanted to sell, refinance your mortgage, or execute a home equity line of credit, you could not do so.

The Court also considered Alabama cases stating that while ?there are certain benefits? from recording certain real property transactions, ?Alabama has no law which requires a mortgagee to record his mortgage.? To the contrary, the Court noted that Alabama law recognizes that a ?deed that is unrecorded is good between

Deeds must be recorded to be fully enforceable against future claims under the New Jersey Recording Act. Recording occurs by filing copies in the county where the property sits.

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.

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2192.1) and the penalties and costs imposed for default in the payment of such taxes must be paid to redeem such property from tax defaulted status (Rev. Gulf Oil Corporation, P. 0.Box 1392, Bakersfield, Calif. In 1929, Frank moved the company to Bakersfield, California and started full production in a plant which still exists today. ACE's eye doctors, the top optometrists and ophthalmologists in Bakersfield, provide high-quality eye care to children, adults, and seniors in need. Deed: A grant deed in the form of Exhibit B hereto. Pursuant to the California Revenue and Taxation Code Section 4675. California law allows the use of grant deeds to convey title to real estate. Contact information. When this occurs, loved ones of the deceased may be forced to go through probate despite the fact the trust was set up to avoid this very scenario.

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Bakersfield California Grant Deed from Corporation to Corporation