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California Grant Deed from Individual to Corporation

Chula Vista California Grant Deed from Individual to Corporation

Name: Chula Vista California Grant Deed from Individual to Corporation
Brand: US Legal Forms
Rating: 4.57 (229 reviews)

Category:

California Real Estate - Deeds - Grant

State:

California

City:

Chula Vista

Control #:

CA-06-78

Format:

Instant download

Description

This Warranty Deed from Individual to Corporation form is a Warranty Deed where the grantor is an individual and the grantee is a corporation. Grantor conveys and warrants 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.

LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate

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FAQ

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.

A corporation grant deed is a document that transfers the ownership of a parcel of real estate from one organization to another individual or organization.

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.

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.

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 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.

Step 1: Locate the Current Deed for the Property.Step 2: Determine What Type of Deed to Fill Out for Your Situation.Step 3: Determine How New Owners Will Take Title. Step 4: Fill Out the New Deed (Do Not Sign)Step 5: Grantor(s) Sign in Front of a Notary.Step 6: Fill Out the Preliminary Change of Ownership Report (PCOR)

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.

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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Chula Vista California Grant Deed from Individual to Corporation

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What is the difference between a quitclaim deed and a grant deed in California?

What is a corporation grant deed California?

How do I transfer a deed to a family member in California?

Do grant deeds have to be recorded in California?

How much does it cost to transfer a deed in California?

What are the 2 main types of deeds to transfer property in California?

How do I transfer a grant deed in California?

What is a transfer deed in California?

What is the difference between a deed and a grant deed in California?

What is the most commonly used deed to transfer property in California?

Interesting Questions

What is a grant deed?

Why would someone transfer a property through a grant deed to a corporation?

What information is required in a Chula Vista grant deed from an individual to a corporation?

Is a grant deed required for transferring property to a corporation in Chula Vista?

Are there any restrictions or conditions when using a grant deed to transfer property to a corporation in Chula Vista?

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Chula Vista California Grant Deed from Individual to Corporation

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