This form is a Grant Deed where the grantor is one individual and the grantees are five individuals holding title as joint tenants.
A Riverside California Grant Deed — One Individual to Five Individuals as Joint Tenants is a legal document used to transfer ownership of a real property situated in Riverside, California, from one individual to five individuals as joint tenants. This type of deed is common when multiple individuals wish to jointly own and share the rights, interests, and responsibilities associated with a property. In this grant deed, one individual (the granter) relinquishes their ownership rights in the property and transfers it to five individuals (the grantees) as joint tenants. Joint tenancy refers to a form of co-ownership where each tenant has an equal interest in the property, with the right of survivorship. The granter, in executing this deed, coveys their full ownership interest and guarantees that the property being transferred has a clear title and is free from any encumbrances. The granter also warrants that they have the legal authority to transfer the property and that they will defend the title against any future claims. Keywords: Riverside California Grant Deed, one individual, five individuals, joint tenants, real property, ownership, transfer, rights, interests, responsibilities, joint tenancy, co-ownership, survivorship, clear title, encumbrances, legal authority, defend title, claims. Different types of Riverside California Grant Deeds allowing the transfer of ownership from one individual to five individuals as joint tenants may include: 1. Standard Riverside California Grant Deed — One Individual to Five Individuals as Joint Tenants: This is the most common type of grant deed, wherein the granter transfers their ownership interest to the grantees as joint tenants. 2. Partial Interest Riverside California Grant Deed — One Individual to Five Individuals as Joint Tenants: In this variation, the granter transfers only a percentage or fraction of their ownership interest to the grantees, while retaining the remaining interest. 3. Conditional Riverside California Grant Deed — One Individual to Five Individuals as Joint Tenants: This type of grant deed includes specific conditions or requirements that the grantees must fulfill to maintain their joint tenancy rights. Failure to meet these conditions may result in the termination of joint tenancy. 4. Revocable Riverside California Grant Deed — One Individual to Five Individuals as Joint Tenants: This grant deed allows the granter to retain the right to revoke or cancel the transfer of ownership at any time, ultimately terminating the joint tenancy. 5. Life Estate Riverside California Grant Deed — One Individual to Five Individuals as Joint Tenants: In this variant, the granter transfers their ownership interest to the grantees as joint tenants, but retains a life estate, which grants them the right to possess and use the property until their death. After the granter's death, the joint tenants become the sole owners. These different types of grant deeds provide flexibility to the parties involved, allowing them to tailor the terms and conditions of the ownership transfer based on their specific requirements and circumstances.
