San Bernardino California Grant Deed from Corporation to Two Individuals

State:
California
County:
San Bernardino
Control #:
CA-014-78
Format:
Word; 
Rich Text
Instant download

Description

This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors conveys and warrants 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 state statutory laws.

San Bernardino California Grant Deed from Corporation to Two Individuals A San Bernardino California Grant Deed from Corporation to Two Individuals is a legal document that transfers ownership of real property from a corporation to two individuals. This type of deed is commonly used when a corporation wishes to convey its interest in a property to two individuals as joint owners. The process of transferring ownership through a Grant Deed involves a corporation, acting as the granter, granting the property to two individuals, referred to as grantees. This deed serves as proof of the corporation's intention to transfer its rights, title, and interest in the property to the grantees. In San Bernardino County, California, there are various types of Grant Deeds available, depending on the specific situation or circumstances of the transfer. Some different types include: 1. General Grant Deed: This is the most common type of Grant Deed used in San Bernardino County. It transfers the corporation's ownership interest to the two individuals without any warranties or guarantees. 2. Special Grant Deed: This type of Grant Deed is used when the corporation wants to transfer the property to the grantees but with specific limitations or conditions. These limitations may include restrictions on future use, development, or transfer of the property. 3. Quitclaim Deed: Although not specifically labeled as a "Grant Deed," a Quitclaim Deed is commonly used in San Bernardino County to transfer ownership from a corporation to two individuals. This type of deed conveys whatever rights and interest the corporation has in the property without any warranties or guarantees. When completing a San Bernardino California Grant Deed from Corporation to Two Individuals, it is crucial to include specific details about the property being transferred. This includes the legal description of the property, such as its boundaries, lot numbers, and any other identifying information necessary for proper identification. The exact names of the corporation acting as the granter and the two individuals as grantees should be clearly mentioned, along with their contact information. It is highly recommended consulting with a qualified attorney or real estate professional in San Bernardino County to ensure that all legal requirements are met and the Grant Deed is properly prepared, executed, and recorded with the county recorder's office. This helps ensure a smooth and legally sound transfer of ownership from the corporation to the two individuals.

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FAQ

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.

Go to the San Bernardino County Recorder's office or find a notary public to witness the signings. The Recorder's Office probably has a notary available. Date the form and have the grantor and grantee sign in front of the notary.

In order to accomplish this, you can't just pen in the name on your deed. You'll need to transfer an interest by writing up another deed with the person's name on it. In California, you can use either a grant deed, a quitclaim deed or an interspousal deed, depending on your circumstances.

You can own real estate in California with two or more people. Your property deed lists all the different owners' names and how they hold title.

Recorder Offices San Bernardino County Recorder. Hall of Records - 222 West Hospitality Ln, 1st floor, San Bernardino, California 92415-0022.Joshua Tree-Satellite Office. 63665 29 Palms Highway-1st Floor, Joshua Tree, California 92252.High Desert Office. Government Center - 15900 Smoke Tree St, Hesperia, California 92345.

Recorder Offices San Bernardino County Recorder. Hall of Records - 222 West Hospitality Ln, 1st floor, San Bernardino, California 92415-0022.Joshua Tree-Satellite Office. 63665 29 Palms Highway-1st Floor, Joshua Tree, California 92252.High Desert Office. Government Center - 15900 Smoke Tree St, Hesperia, California 92345.

A: Anywhere between 14 to 90 days after closing. A properly recorded deed can take anywhere from 14 days to 90 days. That may seem like a long time, but your local government office goes over every little detail on the deed to make sure the property is correct and there are no errors.

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.

Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the property's fair market value for tax purposes. If the value of the gift exceeds the annual exclusion limit ($16,000 for 2022) the donor will need to file a gift tax return (via Form 709) to report the transfer.

State law requires the buyer of real property to file a Preliminary Change of Ownership Report with the County Recorder's Office at the time a document is recorded which transfers ownership of the property. If this form is not filed, the recorder will charge an additional fee of $20.

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Only applicable when two deeds are recorded concurrently. This type of deed offers more protection to a buyer than a quitclaim deed, but less protection than a warranty deed.What is required for a Deed – Grant Deed or Quitclaim Deed – to be valid? Typically, it is filled out in escrow and accompanies the deed when recorded. All pertinent documents contain the new 2015 Notary Requirement. When done properly, a deed is recorded anywhere from two weeks to three months after closing. Need Professional Help? The California Small Business COVID-19 Relief Grant Program is now closed. Photojournalists from The San Diego Union-Tribune captured a year of peril and promise. View the pictures that summed up 2021.

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San Bernardino California Grant Deed from Corporation to Two Individuals