This form is a Quitclaim Deed where the grantor is one individual and the grantees are three individuals holding title as tenants in common.
A Modesto California quitclaim deed from one individual to three individuals as tenants in common is a legal document used to transfer ownership rights of a property from one person (granter) to three individuals (grantees) while establishing the tenants in common ownership structure. This type of deed allows each individual to hold an undivided interest in the property, where they possess separate but equal shares and have the right of survivorship. In Modesto, California, there are two additional types of quitclaim deeds that also involve multiple grantees. These are: 1. Modesto California Quitclaim Deed from One Individual to Three Individuals as Joint Tenants: This deed transfers the ownership rights of a property from one individual to three individuals as joint tenants. Unlike tenants in common, joint tenants have equal ownership interests, and in the event of the death of one joint tenant, their share automatically transfers to the surviving joint tenants. 2. Modesto California Quitclaim Deed from One Individual to Three Individuals as Community Property: This deed transfers ownership rights of a property from one individual to a married couple (as joint tenants) along with one additional individual. In this case, the married couple holds an undivided 50% interest each (community property), while the third individual holds an undivided 50% interest as a tenant in common. It is important to note that a quitclaim deed does not provide any warranties or guarantees regarding the property's title. Therefore, it is advisable for all parties involved to conduct a thorough title search and consult with a real estate attorney to ensure a smooth and legally compliant transfer of ownership.A Modesto California quitclaim deed from one individual to three individuals as tenants in common is a legal document used to transfer ownership rights of a property from one person (granter) to three individuals (grantees) while establishing the tenants in common ownership structure. This type of deed allows each individual to hold an undivided interest in the property, where they possess separate but equal shares and have the right of survivorship. In Modesto, California, there are two additional types of quitclaim deeds that also involve multiple grantees. These are: 1. Modesto California Quitclaim Deed from One Individual to Three Individuals as Joint Tenants: This deed transfers the ownership rights of a property from one individual to three individuals as joint tenants. Unlike tenants in common, joint tenants have equal ownership interests, and in the event of the death of one joint tenant, their share automatically transfers to the surviving joint tenants. 2. Modesto California Quitclaim Deed from One Individual to Three Individuals as Community Property: This deed transfers ownership rights of a property from one individual to a married couple (as joint tenants) along with one additional individual. In this case, the married couple holds an undivided 50% interest each (community property), while the third individual holds an undivided 50% interest as a tenant in common. It is important to note that a quitclaim deed does not provide any warranties or guarantees regarding the property's title. Therefore, it is advisable for all parties involved to conduct a thorough title search and consult with a real estate attorney to ensure a smooth and legally compliant transfer of ownership.
