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

Name: Riverside 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

County:

Riverside

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.

A Riverside California Warranty Deed is a legal document used in real estate transactions where an individual, limited partnership (LP), or limited liability company (LLC) acts as the granter or grantee. This deed is a written guarantee by the granter that they hold clear title to the property and have the legal authority to transfer it to the grantee. There are several types of Riverside California Warranty Deeds, depending on the specific circumstances of the transaction: 1. Individual Granter: In this case, an individual is selling or transferring their property to another individual, an LP, or an LLC. The individual granter guarantees that they are the sole owner of the property and have the right to transfer it. 2. Individual Grantee: Here, an individual is purchasing or receiving property from an individual, LP, or LLC. The deed assures the individual grantee that the property being conveyed is free from any encumbrances or claims by the granter. 3. Limited Partnership (LP) Granter: A limited partnership, comprising a general partner and limited partners, may sell or transfer a property. The LP granter guarantees that the property has clear title and can be legally conveyed to the grantee. 4. Limited Partnership (LP) Grantee: The LP may also act as the grantee, acquiring property from an individual, LP, or LLC. The warranty deed ensures that the LP grantee receives the property with a clear title and without any undisclosed claims. 5. Limited Liability Company (LLC) Granter: An LLC, as the granter, may convey property to an individual, LP, or LLC. This type of warranty deed affirms that the LLC has the authority to transfer the property and that it is not burdened by any undisclosed encumbrances. 6. Limited Liability Company (LLC) Grantee: As the grantee, an LLC can acquire property from an individual, LP, or LLC. The LLC grantee is assured through the warranty deed that the property being received is free from any undisclosed claims or liens. In summary, a Riverside California Warranty Deed from Individual, Limited Partnership, or LLC serves as an essential legal instrument in various real estate transactions. It offers protection and assurance to both the granter and grantee, guaranteeing clear title and the authority to transfer the property.

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FAQ

A grantee is the recipient of a grant, scholarship, or some other asset such as real estate property. In contrast, a grantor is a person or entity that conveys ownership of an asset to another person or entity: the grantee.

Quitclaim Deeds The quitclaim deed is used in those cases where the grantor does not want to assume further liability, or feels no need to guarantee title, such as when a family member transfers title to another family member or the grantor is only transferring some of his rights and not conveying a fee simple estate.

A trustee deed?sometimes called a deed of trust or a trust deed?is a legal document created when someone purchases real estate in a trust deed state, such as California (check your local laws to see what is required in your state). A trust deed is used in place of a mortgage.

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

Which type of deed is used by a grantor whose interest in the real estate may be unknown? The answer is a quitclaim deed. A quitclaim deed transfers whatever interest the grantor may have. If the grantor has no interest, the grantee will acquire nothing and have no right of warranty claim against the grantor.

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.

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).

General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.

General Warranty Deed ? The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.

What Are Grantors And Grantees? There are two sides to a transaction. 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.

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The two parties involved in a warranty deed are the seller or owner, also known as the grantor, and the buyer or the grantee. People mostly use Warranty Deeds in property sales to guarantee that the grantor has clear and complete interest in the property title.Either party can be an individual, corporation, or trust. Limited Liability Company or Limited Partnership or Corporation? California Transfer on Death Deed.

(see below) In California, a transfer on death deed provides that, upon the death of the party acquiring the property, the owner of the transferred property becomes the granter of the transferred property. California Transfer on Death Deed In California, the transfer on death deed can be filed with the county probate (real) court, for example, when the decedent's property passes to his or her heirs. It's important to consult a California probate attorney if you are planning to transfer on death in California and have questions about which specific probate laws apply to a transfer on death. The transfer on death deed and the probate document you used to transfer the property to your heirs are sometimes referred to as a “joint power of attorney.” Why Do a Transfer on Death Deed and Probate Documents Need to be Filed Within a Certain Time Period?

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The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

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

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FAQ

Who does grantee mean?

Which type of deed is used by grantors who Cannot or do not want to make any warranties other than for the time they held title to the property?

Which type of deed is used by a trustee?

Is grantor same as owner?

Which type of deed is used by a grantor whose interest in the real estate may be unknown?

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

Which type of deed is used by a grantor?

What type of deed is most commonly used?

What kind of deed contains certain warranties or promises by the grantor?

What is the difference between a grantor and grantee?

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