San Jose California Grant Deed from Two Individuals to Corporation

State:
California
City:
San Jose
Control #:
CA-05-78
Format:
Word; 
Rich Text
Instant download

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant 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.

A San Jose California Grant Deed from Two Individuals to Corporation is a legal document that transfers ownership of real property from two individuals to a corporation in San Jose, California. This type of grant deed is commonly used when individuals want to transfer their property rights to a corporation, whether it's for business purposes, asset protection, or estate planning. The grant deed serves as evidence of the transfer and ensures that the corporation receives full and clear ownership of the property. It includes key information such as the names of the two individuals (granters) who are transferring the property and the name of the corporation (grantee) that will receive the ownership. The deed also describes the property being transferred, usually including its legal description, boundary lines, and any relevant parcel numbers. There are several types of San Jose California Grant Deed from Two Individuals to Corporation, each with slight variations based on specific circumstances. Some of these types include: 1. General Grant Deed: This is the most common type of grant deed and provides a straightforward transfer of ownership from two individuals to a corporation without any specific conditions or limitations. 2. Special Grant Deed: This type of grant deed may include specific conditions or restrictions on the property being transferred. For example, the individuals may only transfer a portion of their property's rights to the corporation, or they may impose certain usage restrictions on the land. 3. Quitclaim Grant Deed: A quitclaim grant deed is often used when the individuals transferring the property cannot guarantee a clear title. By using this type of deed, they are essentially transferring whatever ownership or interest they have in the property to the corporation, without making any warranties or guarantees about the title's validity. It is essential to consult with a qualified real estate attorney when preparing a San Jose California Grant Deed from Two Individuals to Corporation to ensure that all legal requirements are met, and the transfer is executed correctly. The attorney can guide the parties involved through the process, review the deed for accuracy, and handle any required filings with the appropriate San Jose governmental entity, such as the County Recorder's Office.

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FAQ

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.

While California does not require grant deeds to be recorded, almost all of them are in order to protect the grantee from any later transfer of the same property. As long as the grant deed is recorded, any potential purchaser would be on notice of the earlier sale to a new owner.

To do this in California, you will need a copy of the current deed ? for San Francisco property, visit the assessor-recorder's office in city hall ? as well as a preliminary change of ownership report form and a new grant deed form. You can find the forms online at a court or county law library website.

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.

Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.

An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.

In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.

The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.

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.

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.

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A Grantor is the one transferring or conveying their interest in the property. The property deed also provides a detailed legal description of the real estate property.In the purchase agreement, the buyer (or seller) will select a title and escrow company like Stewart. Title of California to supply those services. Results from the 1990 U.S. Census indicated that San Jose surpassed San Francisco as the most populous city in the Bay Area for the first time. Wray CO real estate listings updated every 15min. PUENT. Habitat for Humanity is a nonprofit organization that helps people in your community and around the world build or improve a place they can call home. Two men on the ground were also killed. Chief Financial Officer. Otherwise, you'll want to get the help of either a lawyer or a financial advisor.

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San Jose California Grant Deed from Two Individuals to Corporation