Burbank California Grant Deed from Three Individuals to an Individual

State:
California
City:
Burbank
Control #:
CA-040-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a Grant Deed where the Grantors are Husband and Wife and the Grantees are two married couples. This deed complies with all state statutory laws.

A Burbank California Grant Deed from Three Individuals to an Individual is a legal document that transfers ownership of a real estate property situated in Burbank, California, from three individuals collectively to an individual. This type of deed is commonly used in real estate transactions to establish a clear and valid transfer of ownership rights. Keywords: Burbank California Grant Deed, Three Individuals, Individual, real estate property, ownership, legal document, transfer, valid, real estate transactions. There are different types of Burbank California Grant Deeds from Three Individuals to an Individual, namely: 1. General Warranty Deed: This type of grant deed guarantees that the property is free from any liens, encumbrances, or claims, and the granter will defend the title against any future claims. 2. Special Warranty Deed: This grant deed is similar to the general warranty deed but limits the warranty to only those claims arising during the granter's ownership of the property. It means the granter does not take responsibility for any claims that occurred before their ownership. 3. Quitclaim Deed: This grant deed transfers the granter's rights, interests, and claims to the property without providing any warranties or guarantees. It implies that the granter may not have clear ownership rights or knowledge of any encumbrances on the property. 4. Bargain and Sale Deed: This grant deed transfers the property from the granter(s) to the grantee(s), indicating ownership rights without providing explicit warranties against any potential claims or encumbrances. Regardless of the specific type, a Burbank California Grant Deed from Three Individuals to an Individual signifies a lawful and documented transfer of real estate property ownership in Burbank, California, ensuring the grantee's rights and providing a record of the transaction.

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FAQ

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.

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.

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.

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. Each one has its own requirements and works best in different circumstances.

Can a title deed have two names? Yes, you can own a parcel of land jointly and therefore two or three names can appear on a title deed.

Deed. Deeds are valuable to buyers because they provide certain protections regarding the sale of property. A grant deed is a deed that ?grants? certain promises to the buyer: The property has not already been transferred to someone else.

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.

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.

When title to a parcel of real estate is held by two or more individuals, those parties are called co-owners or concurrent owners. In some states, if co-owners are married or in a recognized civil union, they may co-own property as tenants by the entirety or community property.

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Divorced, or the owner is making a gift of property rights to another person. California mainly uses two types of deeds –.Financial Payments and Utility Assistance to Burbank Water and Power (BWP)…. 3. A. Corporate Offices – 7635 N. San Fernando Road, Suite A, Burbank, CA . Authorized person to sign contracts. United States. Congress. House. Committee on Education and Labor.

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Burbank California Grant Deed from Three Individuals to an Individual