This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Palmdale California Special Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real estate property from one individual to another in Palmdale, California. This type of deed guarantees that the property being transferred is free from any encumbrances or defects in title that occurred during the time the current owner held the property. The Palmdale California Special Warranty Deed from Individual to Individual provides a limited warranty of title, which means that the granter (current owner) only guarantees the property against any claims that arise during their ownership. This is different from a general warranty deed, which guarantees the title against any claims that may have occurred at any point in the property's history. This type of deed is commonly used in Palmdale, California, when individuals want to transfer a property they own personally to another individual. It is important to note that the Palmdale California Special Warranty Deed from Individual to Individual may have variations or subtypes depending on specific circumstances. Some common types include: 1. Palmdale California Special Warranty Deed with Specific Purpose: This form of deed is used when the property transfer is for a specific purpose, such as gifting the property, transferring it to a relative, or donating it to a charitable organization. 2. Palmdale California Special Warranty Deed with Consideration: This deed includes a specific monetary consideration (purchase price) given by the buyer to the seller for the transfer of the property. It outlines the financial transaction involved in the transfer. 3. Palmdale California Special Warranty Deed with Joint Tenancy: This deed is used when multiple individuals want to own the property together with a right of survivorship. In the event of the death of one owner, their share automatically passes to the surviving owner(s). 4. Palmdale California Special Warranty Deed with Life Estate: This type of deed is used when the granter wishes to transfer their property to another individual for their lifetime, while retaining the right to live on the property or receive income generated by it until their death. 5. Palmdale California Special Warranty Deed with Trust: This deed is utilized when the property owner wants to transfer the property to a trust entity. It ensures that the property is held and managed according to specific instructions outlined in the trust agreement. When utilizing a Palmdale California Special Warranty Deed from Individual to Individual, it is crucial to seek legal advice to ensure compliance with all relevant laws and regulations. It is also advisable to conduct a thorough title search and obtain title insurance to protect the buyer's interests.
