This form is a Quitclaim Deed where the grantors are two individuals and the grantees are three individuals holding title as joint tenants.
A quitclaim deed is a legal document utilized in Orange, California when transferring property ownership from two individuals to three individuals as joint tenants. This type of deed allows the current owners (granters) to release their interest or claim on the property to the new owners (grantees) in a straightforward manner. In Orange, California, there are two common types of quitclaim deeds that pertain to transferring property from two individuals to three individuals as joint tenants: 1. Orange California Quitclaim Deed from Two Individuals to Three Individuals as Joint Tenants with Rights of Survivorship: This type of quitclaim deed ensures that if one of the joint tenants were to pass away, their interest in the property automatically transfers to the surviving joint tenants. The surviving tenants then hold the property as sole owners. 2. Orange California Quitclaim Deed from Two Individuals to Three Individuals as Joint Tenants in Common: With this type of quitclaim deed, the ownership interests of the three individuals are divided equally or as specified in the deed. Each joint tenant has a distinct, undivided share in the property. In case of death, the deceased tenant's interest does not automatically transfer to the surviving tenants. Instead, it passes on to the deceased tenant's heirs or beneficiaries. Both types of quitclaim deed involve a voluntary transfer of ownership rights and do not provide any warranties or guarantees regarding the property's condition or legal status. It is crucial for all parties involved to consult with a qualified real estate attorney or title company to ensure a smooth transaction and accurate recording of the deed with the Orange County Recorder's Office. By utilizing a quitclaim deed, the two individuals who currently own the property can transfer their interests to three new owners as joint tenants, outlining the specific terms and conditions in the document. This legal process helps ensure a clear transfer of property rights and protects the interests of the parties involved.A quitclaim deed is a legal document utilized in Orange, California when transferring property ownership from two individuals to three individuals as joint tenants. This type of deed allows the current owners (granters) to release their interest or claim on the property to the new owners (grantees) in a straightforward manner. In Orange, California, there are two common types of quitclaim deeds that pertain to transferring property from two individuals to three individuals as joint tenants: 1. Orange California Quitclaim Deed from Two Individuals to Three Individuals as Joint Tenants with Rights of Survivorship: This type of quitclaim deed ensures that if one of the joint tenants were to pass away, their interest in the property automatically transfers to the surviving joint tenants. The surviving tenants then hold the property as sole owners. 2. Orange California Quitclaim Deed from Two Individuals to Three Individuals as Joint Tenants in Common: With this type of quitclaim deed, the ownership interests of the three individuals are divided equally or as specified in the deed. Each joint tenant has a distinct, undivided share in the property. In case of death, the deceased tenant's interest does not automatically transfer to the surviving tenants. Instead, it passes on to the deceased tenant's heirs or beneficiaries. Both types of quitclaim deed involve a voluntary transfer of ownership rights and do not provide any warranties or guarantees regarding the property's condition or legal status. It is crucial for all parties involved to consult with a qualified real estate attorney or title company to ensure a smooth transaction and accurate recording of the deed with the Orange County Recorder's Office. By utilizing a quitclaim deed, the two individuals who currently own the property can transfer their interests to three new owners as joint tenants, outlining the specific terms and conditions in the document. This legal process helps ensure a clear transfer of property rights and protects the interests of the parties involved.
