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 San Jose California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common is a legal document that transfers ownership of a property from one person (the granter) to three individuals (the grantees) as equal co-owners. In this specific type of deed, the granter is relinquishing their interest in the property to the grantees, creating a joint tenancy. The grantees become tenants in common, meaning they each have an undivided ownership interest in the property. This means that each co-owner has the right to possess and use the entire property and no one co-owner can claim exclusive rights to any specific part of the property. This quitclaim deed is used when the granter wants to transfer their interest in the property without making any promises about the quality of their title or any encumbrances on the property. It only transfers whatever interest the granter holds at the time of the transfer, and does not guarantee that there are no other claims or undisclosed problems with the property. It is important to note that there are other types of quitclaim deeds commonly used in San Jose, California. One example is the San Jose California Quitclaim Deed from one Individual to Three Individuals as Joint Tenants with Rights of Survivorship. In this type of deed, the co-owners have an equal share of ownership, but if one co-owner passes away, their share automatically passes to the remaining co-owners, instead of being passed on to their heirs through probate. Another example is the San Jose California Quitclaim Deed from one Individual to Three Individuals as Community Property with Right of Survivorship. In this type of deed, the co-owners are married or in a registered domestic partnership, and their shares of ownership are considered community property. If one spouse or partner passes away, their share automatically transfers to the surviving spouse or partner, bypassing probate. In summary, a San Jose California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common is a legal document that transfers joint ownership of a property to three individuals, who become co-owners with equal rights to possess and use the property.A San Jose California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common is a legal document that transfers ownership of a property from one person (the granter) to three individuals (the grantees) as equal co-owners. In this specific type of deed, the granter is relinquishing their interest in the property to the grantees, creating a joint tenancy. The grantees become tenants in common, meaning they each have an undivided ownership interest in the property. This means that each co-owner has the right to possess and use the entire property and no one co-owner can claim exclusive rights to any specific part of the property. This quitclaim deed is used when the granter wants to transfer their interest in the property without making any promises about the quality of their title or any encumbrances on the property. It only transfers whatever interest the granter holds at the time of the transfer, and does not guarantee that there are no other claims or undisclosed problems with the property. It is important to note that there are other types of quitclaim deeds commonly used in San Jose, California. One example is the San Jose California Quitclaim Deed from one Individual to Three Individuals as Joint Tenants with Rights of Survivorship. In this type of deed, the co-owners have an equal share of ownership, but if one co-owner passes away, their share automatically passes to the remaining co-owners, instead of being passed on to their heirs through probate. Another example is the San Jose California Quitclaim Deed from one Individual to Three Individuals as Community Property with Right of Survivorship. In this type of deed, the co-owners are married or in a registered domestic partnership, and their shares of ownership are considered community property. If one spouse or partner passes away, their share automatically transfers to the surviving spouse or partner, bypassing probate. In summary, a San Jose California Quitclaim Deed from one Individual to Three Individuals as Tenants in Common is a legal document that transfers joint ownership of a property to three individuals, who become co-owners with equal rights to possess and use the property.
