This form is a Grant Deed where the grantor is an individual and the grantees are two individuals. Grantor conveys and grants the described property to grantees as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A San Bernardino California Grant Deed — One Individual to Two Individuals is a legal document that facilitates the transfer of property ownership from one individual (granter) to two individuals (grantees) in San Bernardino County, California. This real estate transaction is executed with the intent to convey the granter's interest in the property to the grantees, making them co-owners. Here is a detailed description of what this type of grant deed entails along with some common variations: 1. San Bernardino California Grant Deed — One Individual to Two Individuals: In this type of grant deed, a single person, known as the granter, transfers their interest in a property to two individuals, referred to as grantees. This document legally signifies that the granter is relinquishing all claim to the property while the grantees become joint owners, sharing equal rights and responsibilities. 2. Joint Tenancy Grant Deed: This variant of the grant deed establishes joint tenancy ownership, wherein the grantees are considered equal co-owners with the right of survivorship. This means that if one co-owner passes away, their share automatically transfers to the surviving co-owner without going through probate. 3. Tenancy in Common Grant Deed: In a tenancy in common grant deed, the grantees acquire ownership in the property as tenants in common. Unlike joint tenancy, each co-owner holds a distinct and divisible share of the property, which can be passed on to their heirs upon their death rather than automatically transferring to the surviving co-owner. 4. Community Property Grant Deed: If the granter is married, this variation of the grant deed is used to transfer their interest in the property to themselves and their spouse. In community property states like California, this type of ownership implies that both spouses have equal rights and interests in the property acquired during their marriage. 5. Transfer-On-Death (TOD) Grant Deed: TOD grant deeds enable the granter to transfer their property interest to the two individuals, naming them as beneficiaries, while retaining full ownership and control of the property during their lifetime. The property rights automatically transfer to the grantees upon the granter's death, bypassing probate. 6. Survivorship Grant Deed: This type of grant deed allows for the automatic transfer of property ownership to the surviving grantee upon the death of one grantee. The granter designates the grantees as joint tenants with the right of survivorship, ensuring a seamless transfer without the need for probate. In conclusion, a San Bernardino California Grant Deed — One Individual to Two Individuals is a legal instrument used to transfer property ownership from one individual to two individuals in San Bernardino County. By utilizing various grant deeds, such as joint tenancy, tenancy in common, community property, transfer-on-death, and survivorship, individuals can establish different forms of ownership based on their specific needs and circumstances.A San Bernardino California Grant Deed — One Individual to Two Individuals is a legal document that facilitates the transfer of property ownership from one individual (granter) to two individuals (grantees) in San Bernardino County, California. This real estate transaction is executed with the intent to convey the granter's interest in the property to the grantees, making them co-owners. Here is a detailed description of what this type of grant deed entails along with some common variations: 1. San Bernardino California Grant Deed — One Individual to Two Individuals: In this type of grant deed, a single person, known as the granter, transfers their interest in a property to two individuals, referred to as grantees. This document legally signifies that the granter is relinquishing all claim to the property while the grantees become joint owners, sharing equal rights and responsibilities. 2. Joint Tenancy Grant Deed: This variant of the grant deed establishes joint tenancy ownership, wherein the grantees are considered equal co-owners with the right of survivorship. This means that if one co-owner passes away, their share automatically transfers to the surviving co-owner without going through probate. 3. Tenancy in Common Grant Deed: In a tenancy in common grant deed, the grantees acquire ownership in the property as tenants in common. Unlike joint tenancy, each co-owner holds a distinct and divisible share of the property, which can be passed on to their heirs upon their death rather than automatically transferring to the surviving co-owner. 4. Community Property Grant Deed: If the granter is married, this variation of the grant deed is used to transfer their interest in the property to themselves and their spouse. In community property states like California, this type of ownership implies that both spouses have equal rights and interests in the property acquired during their marriage. 5. Transfer-On-Death (TOD) Grant Deed: TOD grant deeds enable the granter to transfer their property interest to the two individuals, naming them as beneficiaries, while retaining full ownership and control of the property during their lifetime. The property rights automatically transfer to the grantees upon the granter's death, bypassing probate. 6. Survivorship Grant Deed: This type of grant deed allows for the automatic transfer of property ownership to the surviving grantee upon the death of one grantee. The granter designates the grantees as joint tenants with the right of survivorship, ensuring a seamless transfer without the need for probate. In conclusion, a San Bernardino California Grant Deed — One Individual to Two Individuals is a legal instrument used to transfer property ownership from one individual to two individuals in San Bernardino County. By utilizing various grant deeds, such as joint tenancy, tenancy in common, community property, transfer-on-death, and survivorship, individuals can establish different forms of ownership based on their specific needs and circumstances.
