This form is a Severance Deed where an individual gives unilateral notice of the severance of a joint tenancy holding.
A Daly City California Severance Deed — Notice of Unilateral Severance of Joint Tenancy is a legal document used to sever a joint tenancy agreement between joint tenants in Daly City, California. This deed effectively converts the joint tenancy into a tenancy in common, allowing each party to own a separate and distinct share of the property. In Daly City, California, there are typically two types of severance deeds that can be used to terminate a joint tenancy. The first type is the Daly City California Severance Deed — Notice of Unilateral Severance of Joint Tenancy with Right of Survivorship. This type of deed allows a joint tenant to unilaterally sever the joint tenancy, effectively ending the right of survivorship. With this severance, each joint tenant will own a separate share of the property, and upon their death, their share will not automatically pass to the surviving joint tenant(s). The second type is the Daly City California Severance Deed — Notice of Unilateral Severance of Joint Tenancy without Right of Survivorship. This severance deed allows a joint tenant to unilaterally sever the joint tenancy without any right of survivorship. Instead, each joint tenant's share of the property will pass according to their individual estate plan or through probate. When filing a Daly City California Severance Deed — Notice of Unilateral Severance of Joint Tenancy, the following information must be included: the names and addresses of all joint tenants, a legal description of the property, the date of the original joint tenancy agreement, and a clear statement of the intent to sever the joint tenancy. It is crucial to consult with a qualified attorney or legal professional familiar with Daly City, California's real estate laws when considering a severance of joint tenancy. They will ensure that all required documentation is properly prepared and filed to protect your rights and interests.
