This form is a Quitclaim Deed where the grantors are three individuals and the grantees are two individuals. Grantors convey and quitclaim the described property to grantees. The grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A Corona California quitclaim deed is a legal document that transfers the ownership interest of a property from three individuals to two individuals without providing any warranties or guarantees about the property's title. This type of deed is often used in situations where the co-owners of a property want to adjust the ownership structure. There are several types of Corona California quitclaim deeds available, each designed to meet specific circumstances. Here are a few common types: 1. Corona California Quitclaim Deed — Three Individuals to Two Individuals with Equal Shares: This type of deed is used when all three individuals currently hold equal ownership interests in the property and want to transfer it to two individuals, also with equal shares. This could occur in situations where two co-owners want to buy out the third co-owner or when one co-owner wants to transfer their share to two other co-owners. 2. Corona California Quitclaim Deed — Three Individuals to Two Individuals with Unequal Shares: This type of deed is used when the existing three individuals hold unequal ownership interests in the property and wish to transfer it to two individuals with different share distributions. This might be necessary when one co-owner wants to transfer their entire share to one of the remaining co-owners, while the other two co-owners maintain their current share distribution. 3. Corona California Quitclaim Deed — Three Individuals to Two Individuals with Survivorship Rights: This type of deed is used when the three individuals want to transfer their ownership interests to two individuals with the inclusion of survivorship rights. Survivorship rights mean that if one of the two remaining individuals passes away, their share automatically transfers to the surviving individual, bypassing probate and ensuring a seamless transfer of ownership. It is important to consult with a real estate attorney or title company when preparing and executing a Corona California quitclaim deed to ensure that all legal requirements are met and that the transfer of ownership is properly recorded with the appropriate county authorities.
