This form is a Grant Deed where the grantor is a corporation and the grantees are three individuals holding title as joint tenants.
A Vista California Grant Deed — Corporation to Three Individuals as Joint Tenants is a legal document used to transfer ownership of real property from a corporation to three individuals as joint tenants. It signifies a change in ownership where the corporation grants the property to three people who will hold equal shares and have the right of survivorship. Keywords: Vista California, grant deed, corporation, three individuals, joint tenants, ownership, real property, transfer, equal shares, right of survivorship. Different types of Vista California Grant Deed — Corporation to Three Individuals as Joint Tenants may include: 1. Traditional Grant Deed: This is the most common type of grant deed where a corporation transfers property ownership to three individuals as joint tenants. It includes a detailed description of the property, the names of the granter (corporation) and the grantees (three individuals), and any conditions or restrictions associated with the transfer. 2. Special Warranty Deed: In this type of grant deed, the corporation guarantees that it has not caused any encumbrances on the property during its ownership. The three individuals receive the property free from any claims made by the corporation but still take on the responsibility for any issues that may arise from prior ownership. 3. Quitclaim Deed: This grant deed type is used when the corporation is unsure of the status of the property title. By utilizing a quitclaim deed, the corporation effectively transfers whatever interest it may hold, if any, to the three individuals as joint tenants. The corporation makes no warranties or guarantees about the property title, and the three individuals assume all legal risks associated with the transfer. 4. Interspousal Grant Deed: If the three individuals receiving ownership as joint tenants are spouses or domestic partners, an interspousal grant deed may be used. This type of grant deed acknowledges the transfer of property between them, preserving certain legal protections and rights specific to spousal or domestic partnerships. 5. Grant Deed with Affidavit of Death: When one of the individuals who hold joint tenancy passes away, this type of grant deed allows the remaining two individuals to update the property ownership accordingly. It involves the completion of an affidavit of death to remove the deceased individual's name from the title and transfer the share to the surviving joint tenants. In conclusion, a Vista California Grant Deed — Corporation to Three Individuals as Joint Tenants is a legal instrument transferring property ownership from a corporation to three individuals who will equally hold the property as joint tenants. Various types of grant deeds exist, each having specific characteristics and serving different purposes within the context of a joint tenancy transfer.
