This form is a Quitclaim Deed where the grantor is one individual and the grantees are three individuals holding title as tenants in common.
Rialto California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common is a legal document used to transfer ownership of a property located in Rialto, California from one person (granter) to three individuals (grantees), where they would hold the property as tenants in common. This type of deed allows the granter to relinquish any interest or claim they have in the property to the grantees. It is important to note that a quitclaim deed does not guarantee clear title or provide any warranties on the property's condition, but simply transfers whatever rights the granter has. In Rialto, California, there are a few different variations of the Quitclaim Deed from one Individual to Three Individuals as Tenants in Common, including: 1. Basic Rialto California Quitclaim Deed: This type of deed outlines the transfer of ownership from one individual to three individuals as tenants in common, without any additional provisions or conditions. 2. Rialto California Quitclaim Deed with Survivorship Rights: This variation includes an added provision that designates the grantees as joint tenants with rights of survivorship. In case one of the grantees passes away, their share of ownership automatically transfers to the remaining co-owners, rather than being subject to probate. 3. Rialto California Quitclaim Deed with Restrictions: This version of the deed may include certain restrictions or limitations placed on the property's use, such as prohibiting commercial activities or imposing guidelines on property alterations. These restrictions would be agreed upon by the granter and grantees and become legally binding. 4. Rialto California Enhanced Life Estate Quitclaim Deed: This type of deed, also known as a "Lady Bird Deed," grants the granter a life estate in the property until their death. During their lifetime, the granter retains complete control and ownership, allowing them to sell or mortgage the property without permission from the grantees. However, upon the granter's death, the property automatically passes to the grantees without going through probate. Understanding the different variations of the Rialto California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common is crucial for parties involved in property transfers. It is advisable to consult with a real estate attorney to ensure compliance with local laws and regulations.
