This form is a Quitclaim Deed where the grantor is one individual and the grantees are three individuals holding title as joint tenants.
A Santa Clara California Quitclaim Deed from one Individual to Three Individuals as Joint Tenants is a legal document that transfers ownership of a real estate property from one person (granter) to three other individuals (grantees) as joint tenants. In this type of transaction, the granter relinquishes all rights and interests to the property without making any warranties or guarantees about the property's title. This Quitclaim Deed creates a co-ownership arrangement known as joint tenancy. It means that all three grantees have an equal undivided interest in the property. Joint tenants share equal rights to the property, including the right of survivorship, which means that should one of the grantees pass away, their ownership interest automatically transfers to the remaining joint tenants. By using a quitclaim deed, the granter transfers whatever ownership interest they have in the property without guaranteeing that the title is clear or free from any claims. This means that the grantees receive the property "as is," assuming any existing liens, encumbrances, or defects that may exist. There may be different variations or specific types of Santa Clara California Quitclaim Deeds from one Individual to Three Individuals as Joint Tenants depending on specific circumstances or additional conditions: 1. Santa Clara California Quitclaim Deed with Survivorship Rights: This type of deed specifically includes survivorship rights, ensuring that if one of the joint tenants passes away, their share automatically transfers to the remaining joint tenants. 2. Santa Clara California Quitclaim Deed with Specific Covenants: This variation adds specific covenants or guarantees made by the granter regarding the property's title, providing some additional assurances to the grantees. 3. Santa Clara California Quitclaim Deed with Additional Terms: This type of quitclaim deed may include additional terms or conditions agreed upon by the granter and grantees, such as restrictions on use, easements, or any other specific agreements. It's important to consult with a qualified real estate attorney or legal professional when dealing with any type of real estate transaction, including a Quitclaim Deed. They can provide guidance, ensure compliance with local laws, and help protect the interests of all parties involved.
