Bakersfield California Warranty Deed from Individual, Limited Partnership or LLC is the Grantor or Grantee

Name: Bakersfield California Warranty Deed from Individual, Limited Partnership or LLC is the Grantor or Grantee
Brand: US Legal Forms
Rating: 4.72 (292 reviews)

Category:

California Real Estate - Deeds - Warranty

State:

California

City:

Bakersfield

Control #:

CA-SDEED-7

Format:

Instant download

Description

This form is a Warranty Deed where the grantor(s) and/or grantee(s) may be individuals, a limited partnership, or an LLC.

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FAQ

In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation. The official documents they use, such as a deed, detail their obligations.

The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.

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 grant deed, also known as a special or limited warranty deed, is a legal document used to transfer real estate between a previous owner (the grantor) and a new owner (the grantee).

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.

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.

The Grantor In general, a grantor is someone who transfers a property right to a grantee. In a real estate transaction, the grantor is the current holder of the property right, or in other words, the seller. The deed, which transfers ownership, is the grant.

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.

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.

Bakersfield California Warranty Deed from Individual, Limited Partnership or LLC is the Grantor or Grantee

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Are grantee and grantor the same?

What does it mean to be a grantor?

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

Which type of deed is used by a grantor?

What is a transfer deed in California?

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

Is grantor same as owner?

Who is grantor and grantee?

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

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

Interesting Questions

What is a warranty deed?

Who can be the Grantor in a warranty deed for a property in Bakersfield?

Who can be the Grantee in a warranty deed for a property in Bakersfield?

What does it mean to be the Grantor in a warranty deed?

What does it mean to be the Grantee in a warranty deed?

Are there any restrictions on who can be the Grantor or Grantee in a warranty deed?

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