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California Quitclaim Deed from one Individual to Three Individuals as...

Moreno Valley California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common

Name: Moreno Valley California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common
Brand: US Legal Forms
Rating: 4.76 (353 reviews)

Category:

California Real Estate - Deeds - Quitclaims

State:

California

City:

Moreno Valley

Control #:

CA-SDEED-8-2

Format:

Instant download

Description

This form is a Quitclaim Deed where the grantor is one individual and the grantees are three individuals holding title as tenants in common.

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FAQ

No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.

Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

The ?grant deed? is the document most commonly used to transfer title to real property in California.

The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.

Terms in this set (4) In which of the following situations could a quitclaim deed NOT be used? c. The answer is to warrant that a title is valid.

Which of the following is not required for a deed to be valid? Signature of the grantee.

In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.

Definition of Quitclaim Deed? A deed by which the grantor releases any interest he may have in real property. The deed makes no representation as to ownership or warranty.