El Cajon California Quitclaim Deed by Two Individuals to LLC

State:
California
City:
El Cajon
Control #:
CA-04-77
Format:
Word; 
Rich Text
Instant download

Description

This Quitclaim Deed is used where the Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and quitclaim the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. This form complies with all state statutory laws.

El Cajon, California Quitclaim Deed by Two Individuals to LLC is a legal document used to transfer property ownership from two individuals to a Limited Liability Company (LLC) in El Cajon, California. This type of quitclaim deed is commonly used when individuals want to transfer their property interests to an LLC for business or investment purposes. The El Cajon, California Quitclaim Deed by Two Individuals to LLC is designed to convey the ownership rights of the property without making any guarantees or warranties about the title. It essentially transfers whatever interests the individuals have in the property to the LLC. Some key elements of this type of quitclaim deed include the names of the granters (the individuals transferring the property), the name of the grantee (the LLC), and a clear legal description of the property being transferred in El Cajon, California. There may be different variations of the El Cajon, California Quitclaim Deed by Two Individuals to LLC, such as: 1. Residential Property Quitclaim Deed: This type of quitclaim deed is used when the property being transferred is a residential property, such as a house or an apartment. 2. Commercial Property Quitclaim Deed: If the property being transferred is a commercial building, office space, or any other type of commercial property, this specific variation of the quitclaim deed will be used. 3. Vacant Land Quitclaim Deed: If the property being transferred is undeveloped vacant land, a separate quitclaim deed variation is required to accommodate this specific type of property. 4. Multi-unit Property Quitclaim Deed: This type of quitclaim deed is used when the property being transferred includes multiple units, such as a duplex, triplex, or apartment building. It is important for both parties involved in the transaction to consult with legal professionals who are knowledgeable about El Cajon, California real estate law to ensure that the quitclaim deed is drafted correctly and all necessary steps are taken to transfer the property ownership smoothly.

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FAQ

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.

Once you have filled out a California quitclaim deed, you will need to get it notarized. Next, you will need to need to visit your appropriate local government office to file some paperwork. Depending on your county of sale, that may be a Recorder's office, a County Clerk's Office, or an Assessor's office.

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.

Recording. Once the quitclaim deed is signed and notarized, it is a valid legal document. But the grantee must also have the quitclaim deed recorded in the county recorder's office, or with the county clerk -- whoever has the authority to record deeds and property transfers.

File the forms. The recording fee will vary by county, but you can expect as a range to pay between $6 and $21 for the first page and $3 for any additional page. In Sacramento County, for example, the Recorder charges $21 for the first page and $3 for each additional page for recording.

The California quitclaim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.

Recording Fee for Quitclaim DeedType of FeeFeeBase Fee G.C. § 27361(a) G.C. § 27361.4(a) G.C. § 27361.4(b) G.C. § 27361.4(c) G.C. § 27361(d)(1) G.C. § 27397 (c) Subsection 1$15.004 more rows

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.

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

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U.S. Army Corps of Engineers, Los Angeles District. 2. Los Alamos National Laboratory.Los Alamos, NM 87544.

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El Cajon California Quitclaim Deed by Two Individuals to LLC