This form is a Quitclaim Deed where the grantors are four individuals and the grantees are six individuals holding title as tenants in common.
A Pomona California Quitclaim Deed for Four Individuals to Six Individuals as Tenants in Common is a legal document that transfers ownership of a property from four individuals to six individuals, with the new owners taking ownership as tenants in common. This type of deed is commonly used when multiple individuals want to own a property together, each having an undivided interest in the property. In this specific scenario, four individuals are transferring their ownership rights in a property located in Pomona, California, to six individuals. The transfer is being done through a quitclaim deed, which means the transfer is being made without any warranties or guarantees regarding the title of the property. This type of deed is often used in family or informal transactions, as it provides a simple way to transfer ownership without the need for extensive title searches or warranties. As tenants in common, the six individuals will each hold an equal or predetermined percentage interest in the property, with no right of survivorship. This means that if one of the co-owners were to pass away, their share of the property would not automatically transfer to the other co-owners but would instead be passed down according to their estate plan, will, or applicable laws of inheritance. It is important to note that while the quitclaim deed transfers ownership, it does not guarantee clear title to the property. Prior liens, encumbrances, or other claims may still exist, which is why it is advisable for both the transferring parties and the new owners to conduct a thorough title search before completing the transaction. There may be different variations or types of Pomona California Quitclaim Deeds for Four Individuals to Six Individuals as Tenants in Common, each catering to specific circumstances or variations in ownership arrangements. Some potential variations may include: 1. Pomona California Quitclaim Deed with Specific Percentage Interests: In this variation, the deed specifies the percentage interest each co-owner has in the property, allowing for a more customized division of ownership. 2. Pomona California Quitclaim Deed with Right of Survivorship: This type of quitclaim deed would include a provision for the right of survivorship, which means that if one of the co-owners were to pass away, their share would automatically transfer to the surviving co-owners. 3. Pomona California Quitclaim Deed with Restrictions or Conditions: This variation might include additional provisions or restrictions, such as limitations on the use or transfer of the property, ensuring that all co-owners agree to certain conditions or provisions. Overall, a Pomona California Quitclaim Deed for Four Individuals to Six Individuals as Tenants in Common provides a legal framework for transferring shared ownership rights in a property amongst multiple individuals, without warranties as to the title. Note: It is important to consult with a qualified attorney or real estate professional to ensure the specific details of the quitclaim deed align with the laws and regulations of Pomona, California.A Pomona California Quitclaim Deed for Four Individuals to Six Individuals as Tenants in Common is a legal document that transfers ownership of a property from four individuals to six individuals, with the new owners taking ownership as tenants in common. This type of deed is commonly used when multiple individuals want to own a property together, each having an undivided interest in the property. In this specific scenario, four individuals are transferring their ownership rights in a property located in Pomona, California, to six individuals. The transfer is being done through a quitclaim deed, which means the transfer is being made without any warranties or guarantees regarding the title of the property. This type of deed is often used in family or informal transactions, as it provides a simple way to transfer ownership without the need for extensive title searches or warranties. As tenants in common, the six individuals will each hold an equal or predetermined percentage interest in the property, with no right of survivorship. This means that if one of the co-owners were to pass away, their share of the property would not automatically transfer to the other co-owners but would instead be passed down according to their estate plan, will, or applicable laws of inheritance. It is important to note that while the quitclaim deed transfers ownership, it does not guarantee clear title to the property. Prior liens, encumbrances, or other claims may still exist, which is why it is advisable for both the transferring parties and the new owners to conduct a thorough title search before completing the transaction. There may be different variations or types of Pomona California Quitclaim Deeds for Four Individuals to Six Individuals as Tenants in Common, each catering to specific circumstances or variations in ownership arrangements. Some potential variations may include: 1. Pomona California Quitclaim Deed with Specific Percentage Interests: In this variation, the deed specifies the percentage interest each co-owner has in the property, allowing for a more customized division of ownership. 2. Pomona California Quitclaim Deed with Right of Survivorship: This type of quitclaim deed would include a provision for the right of survivorship, which means that if one of the co-owners were to pass away, their share would automatically transfer to the surviving co-owners. 3. Pomona California Quitclaim Deed with Restrictions or Conditions: This variation might include additional provisions or restrictions, such as limitations on the use or transfer of the property, ensuring that all co-owners agree to certain conditions or provisions. Overall, a Pomona California Quitclaim Deed for Four Individuals to Six Individuals as Tenants in Common provides a legal framework for transferring shared ownership rights in a property amongst multiple individuals, without warranties as to the title. Note: It is important to consult with a qualified attorney or real estate professional to ensure the specific details of the quitclaim deed align with the laws and regulations of Pomona, California.
