This form is a Quitclaim Deed where the grantors are two individuals and the grantees are four individuals holding title as joint tenants.
A Daly City California Quitclaim Deed from two individuals to four individuals as joint tenants is a legal document that transfers the ownership of a property located in Daly City, California from two individuals (referred to as granters) to four individuals (referred to as grantees) as joint tenants. This type of deed allows the granters to transfer their entire interest in the property to the grantees, without providing any warranties or guarantees related to the property. By executing this quitclaim deed, the granters are essentially conveying their rights, title, and interest in the property to the grantees, stating that they have no claim or interest in the property anymore. This type of transfer often occurs between family members, friends, or business partners who have a trustful relationship and wish to add or remove individuals as joint tenants. The four individuals named in the deed will hold an equal and undivided interest in the property as joint tenants. This means that they will have equal rights to use and enjoy the property, including rights of survivorship. In case one of the joint tenants passes away, their interest in the property automatically passes to the surviving joint tenants, rather than being transferred through probate. It's important to note that there can be variations of Daly City California Quitclaim Deeds from two individuals to four individuals as joint tenants. These variations include: 1. Daly City California Quitclaim Deed — Joint Tenants with Right of Survivorship: This type of deed, commonly abbreviated as TWOS, grants the grantees not only joint tenancy but also includes the right of survivorship. In the event of a joint tenant's death, their interest automatically transfers to the remaining joint tenants, ensuring that the property does not go through probate. 2. Daly City California Quitclaim Deed — Tenants in Common: Unlike joint tenancy, tenants in common allows each individual to hold a specific percentage of interest in the property. This type of deed does not come with the right of survivorship, meaning that if one of the tenants in common passes away, their interest will be transferred according to their will or through the probate process. Overall, a Daly City California Quitclaim Deed from two individuals to four individuals as joint tenants provides a means for transferring property rights between parties with minimal legal guarantees or warranties. It is crucial to consult with a qualified real estate attorney or professional to ensure the proper execution and recording of such a document to protect the interests of all involved parties.A Daly City California Quitclaim Deed from two individuals to four individuals as joint tenants is a legal document that transfers the ownership of a property located in Daly City, California from two individuals (referred to as granters) to four individuals (referred to as grantees) as joint tenants. This type of deed allows the granters to transfer their entire interest in the property to the grantees, without providing any warranties or guarantees related to the property. By executing this quitclaim deed, the granters are essentially conveying their rights, title, and interest in the property to the grantees, stating that they have no claim or interest in the property anymore. This type of transfer often occurs between family members, friends, or business partners who have a trustful relationship and wish to add or remove individuals as joint tenants. The four individuals named in the deed will hold an equal and undivided interest in the property as joint tenants. This means that they will have equal rights to use and enjoy the property, including rights of survivorship. In case one of the joint tenants passes away, their interest in the property automatically passes to the surviving joint tenants, rather than being transferred through probate. It's important to note that there can be variations of Daly City California Quitclaim Deeds from two individuals to four individuals as joint tenants. These variations include: 1. Daly City California Quitclaim Deed — Joint Tenants with Right of Survivorship: This type of deed, commonly abbreviated as TWOS, grants the grantees not only joint tenancy but also includes the right of survivorship. In the event of a joint tenant's death, their interest automatically transfers to the remaining joint tenants, ensuring that the property does not go through probate. 2. Daly City California Quitclaim Deed — Tenants in Common: Unlike joint tenancy, tenants in common allows each individual to hold a specific percentage of interest in the property. This type of deed does not come with the right of survivorship, meaning that if one of the tenants in common passes away, their interest will be transferred according to their will or through the probate process. Overall, a Daly City California Quitclaim Deed from two individuals to four individuals as joint tenants provides a means for transferring property rights between parties with minimal legal guarantees or warranties. It is crucial to consult with a qualified real estate attorney or professional to ensure the proper execution and recording of such a document to protect the interests of all involved parties.
