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 Sunnyvale California Grant Deed — One Individual to Two Individuals is a legal document that transfers property ownership from one person to two individuals. This type of grant deed is commonly used when a single owner, known as the granter, wants to transfer property to two recipients, known as grantees. In this grant deed, the granter relinquishes all rights, title, and interest to the property, while the grantees receive these rights. It is important to note that a grant deed does not guarantee that the property is free of encumbrances or liens, as it only transfers the ownership. Therefore, it is advisable for the grantees to conduct a thorough title search before accepting the property. There are different types of Sunnyvale California Grant Deed — One Individual to Two Individuals, such as: 1. Joint Tenancy with Rights of Survivorship: This type of grant deed establishes equal ownership between the two individuals. In the event of the death of one owner, their share automatically transfers to the surviving owner, bypassing probate. 2. Tenancy in Common: With tenancy in common, the two individuals have distinct, undivided shares of the property. Each owner is free to sell or transfer their individual share without the consent of the other owner. In the event of their death, their share will pass to their heirs or as stated in their will. 3. Community Property: In California, married couples may choose to hold property as community property. In this type of grant deed, the property is considered equally owned by both individuals, regardless of how much each contributed financially. In the event of divorce or death, the property is usually divided equally between the spouses. When preparing a Sunnyvale California Grant Deed — One Individual to Two Individuals, it is recommended that you seek legal guidance from a qualified attorney or a title company to ensure all legal requirements are met.
