This form is a Quitclaim Deed where the grantors are two individuals and the grantees are three individuals holding title as joint tenants.
The Fontana California Quitclaim Deed from two Individuals to Three Individuals as Joint Tenants is a legal document that transfers ownership of a property from two individuals (granters) to three individuals (grantees) as joint tenants. This type of deed is commonly used in real estate transactions in Fontana, California when multiple individuals wish to hold a property jointly. A quitclaim deed is a document used to transfer the interest or claim that a granter has in a property to the grantees. Unlike a warranty deed, a quitclaim deed does not provide any guarantees or warranties regarding the property's title. It simply transfers whatever interest the granter has, if any, to the grantees. By utilizing a quitclaim deed from two individuals to three individuals as joint tenants, the ownership of the property is divided equally among the grantees. This means that each grantee will have an undivided interest in the property and share joint ownership rights, such as the right of survivorship. In the event that one of the joint tenants passes away, their interest in the property automatically transfers to the remaining joint tenants, avoiding the need for probate. Some relevant keywords to be included in the content are: — FontanaCaliforniani— - Quitclaim deed - Joint tenants — Properttransferfe— - Ownership rights - Granter - Grantee — Real estate transaction— - Title guarantee — Right of survivorshi— - Undivided interest — Probate avoidance Different types of Fontana California Quitclaim Deed from two Individuals to Three Individuals as Joint Tenants may include variations based on specific circumstances or additional provisions requested by the involved parties, such as: — Fontana California Quitclaim Deed from two Individuals to Three Individuals as Joint Tenants with Rights of Survivorship: This version would explicitly state that the joint tenants have the right of survivorship, ensuring that if one joint tenant passes away, their interest automatically transfers to the surviving joint tenants. — Fontana California Quitclaim Deed from two Individuals to Three Individuals as Joint Tenants with Limited Use Restrictions: This type of deed may include specific restrictions on the property's use, such as limitations on certain activities or development, agreed upon by the granters and grantees. — Fontana California Quitclaim Deed from two Individuals to Three Individuals as Joint Tenants with Equal or Unequal Shares: This version allows the option for the joint tenants to hold an equal share of the property or have varying percentages of ownership.
