This form is a Grant Deed where the grantor is one individual and the grantees are five individuals holding title as joint tenants.
A Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants is a legal document that transfers ownership of a property from one person to five individuals, who then collectively own the property as joint tenants. This type of deed is commonly used when multiple individuals wish to co-own a property together with equal rights of ownership and survivorship. The granter, the person transferring the property, conveys their entire interest in the property to the grantees, the five individuals. The granter guarantees that they have the legal right to transfer the property and that it is free from any liens or encumbrances. The deed includes a legal description of the property, including its boundaries and any relevant identifiers like lot number or parcel number. Joint tenancy is a form of co-ownership where all individuals have an equal and undivided interest in the property. The key characteristic of joint tenancy is the right of survivorship, which means that if one tenant dies, their share automatically passes on to the remaining joint tenants, rather than being passed on through their estate. This ensures that the property remains in the ownership of the surviving joint tenants, avoiding the need for probate. Some variations of Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants include: 1. Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants with Right of Survivorship: This type of deed explicitly includes the right of survivorship, ensuring that the ownership passes to the surviving joint tenants upon the death of one tenant. 2. Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants in Common: In this case, the co-ownership is as joint tenants in common, instead of joint tenants. Unlike joint tenancy, the right of survivorship does not apply, and each tenant owns a distinct share in the property that can be passed on through their estate. 3. Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants with Equal Shares: This variation signifies that all five joint tenants have an equal share in the property. Each tenant has an undivided one-fifth interest in the property, and if one tenant dies, their share is equally distributed among the surviving joint tenants. Executing a Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants requires compliance with the applicable state laws and may involve recording the deed with the county recorder's office to make it legally binding and publicly accessible. It is highly recommended consulting a qualified real estate attorney or a professional title company experienced in California property law to ensure accurate preparation and execution of the grant deed.A Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants is a legal document that transfers ownership of a property from one person to five individuals, who then collectively own the property as joint tenants. This type of deed is commonly used when multiple individuals wish to co-own a property together with equal rights of ownership and survivorship. The granter, the person transferring the property, conveys their entire interest in the property to the grantees, the five individuals. The granter guarantees that they have the legal right to transfer the property and that it is free from any liens or encumbrances. The deed includes a legal description of the property, including its boundaries and any relevant identifiers like lot number or parcel number. Joint tenancy is a form of co-ownership where all individuals have an equal and undivided interest in the property. The key characteristic of joint tenancy is the right of survivorship, which means that if one tenant dies, their share automatically passes on to the remaining joint tenants, rather than being passed on through their estate. This ensures that the property remains in the ownership of the surviving joint tenants, avoiding the need for probate. Some variations of Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants include: 1. Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants with Right of Survivorship: This type of deed explicitly includes the right of survivorship, ensuring that the ownership passes to the surviving joint tenants upon the death of one tenant. 2. Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants in Common: In this case, the co-ownership is as joint tenants in common, instead of joint tenants. Unlike joint tenancy, the right of survivorship does not apply, and each tenant owns a distinct share in the property that can be passed on through their estate. 3. Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants with Equal Shares: This variation signifies that all five joint tenants have an equal share in the property. Each tenant has an undivided one-fifth interest in the property, and if one tenant dies, their share is equally distributed among the surviving joint tenants. Executing a Daly City California Grant Deed — One Individual to Five Individuals as Joint Tenants requires compliance with the applicable state laws and may involve recording the deed with the county recorder's office to make it legally binding and publicly accessible. It is highly recommended consulting a qualified real estate attorney or a professional title company experienced in California property law to ensure accurate preparation and execution of the grant deed.
