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Colorado Warranty Deed from Individual to Two Individuals as Joint...

Thornton Colorado Warranty Deed from Individual to Two Individuals as Joint Tenants

Name: Thornton Colorado Warranty Deed from Individual to Two Individuals as Joint Tenants
Brand: US Legal Forms
Rating: 4.76 (416 reviews)

Category:

Colorado Real Estate - Deeds - Warranty

State:

Colorado

City:

Thornton

Control #:

CO-SDEED-8-10

Format:

Instant download

Description

This form is a Warranty Deed where the grantor is an individual and the grantees are two individuals holding title as joint tenants. A warranty deed is a legal document used to transfer ownership of real property from one party, known as the granter, to another party, known as the grantee. In Thornton, Colorado, a warranty deed from an individual to two individuals as joint tenants ensures that the new owners will have certain rights and protections regarding the property. When a property owner decides to sell their property to two individuals as joint tenants in Thornton, Colorado, they can use a warranty deed to make the transfer. This type of warranty deed guarantees that the granter is the legal owner of the property and has the right to sell it. It also ensures that there are no undisclosed liens or claims on the property. In Thornton, Colorado, there are different types of warranty deeds that can be used for transferring ownership from an individual to two individuals as joint tenants. These include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantee, as it guarantees the granter's ownership and promises to defend against any future claims. 2. Special Warranty Deed: This warranty deed also guarantees the granter's ownership, but only for the period they owned the property. It does not cover any previous owners' actions. 3. Quitclaim Deed: While not technically a warranty deed, it is worth mentioning as an alternative option. A quitclaim deed is used to transfer whatever interest, if any, the granter may have in the property, without making any guarantees regarding ownership. Regardless of the type of warranty deed used, there are specific elements that must be included in the document. These include the names of the granter and grantee, a legal description of the property being transferred, the consideration (usually the purchase price), and the granter's signature. It is also necessary to have the deed notarized and filed with the appropriate county office in Thornton, Colorado. By using a warranty deed from an individual to two individuals as joint tenants in Thornton, Colorado, the new owners can have peace of mind knowing that they have obtained a legally binding document that protects their rights and interest in the property.

A warranty deed is a legal document used to transfer ownership of real property from one party, known as the granter, to another party, known as the grantee. In Thornton, Colorado, a warranty deed from an individual to two individuals as joint tenants ensures that the new owners will have certain rights and protections regarding the property. When a property owner decides to sell their property to two individuals as joint tenants in Thornton, Colorado, they can use a warranty deed to make the transfer. This type of warranty deed guarantees that the granter is the legal owner of the property and has the right to sell it. It also ensures that there are no undisclosed liens or claims on the property. In Thornton, Colorado, there are different types of warranty deeds that can be used for transferring ownership from an individual to two individuals as joint tenants. These include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantee, as it guarantees the granter's ownership and promises to defend against any future claims. 2. Special Warranty Deed: This warranty deed also guarantees the granter's ownership, but only for the period they owned the property. It does not cover any previous owners' actions. 3. Quitclaim Deed: While not technically a warranty deed, it is worth mentioning as an alternative option. A quitclaim deed is used to transfer whatever interest, if any, the granter may have in the property, without making any guarantees regarding ownership. Regardless of the type of warranty deed used, there are specific elements that must be included in the document. These include the names of the granter and grantee, a legal description of the property being transferred, the consideration (usually the purchase price), and the granter's signature. It is also necessary to have the deed notarized and filed with the appropriate county office in Thornton, Colorado. By using a warranty deed from an individual to two individuals as joint tenants in Thornton, Colorado, the new owners can have peace of mind knowing that they have obtained a legally binding document that protects their rights and interest in the property.

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FAQ

Things You Should Know Go to the county recorder's office and get a quitclaim form. Fill out the form and sign it before a notary to make the transfer legal. Go back to your county recorder's office to get the deed recorded so it becomes part of the official property record.

If one of you wants to leave If you end your tenancy it ends for everyone. If your fixed term joint tenancy has a break clause you have to get all the tenants to agree to use the break clause to end the tenancy, unless your agreement says otherwise.

Most documents, legal size or smaller, are assessed a $13 recording fee for the first page and an additional $5 recording fee for each additional page. Transfer documents (Warranty Deeds, Quit Claim Deeds, etc) will be assessed a documentary tax if the consideration is $500 or more in addition to the recording fee.

Yes you can. This is called a transfer of equity but you will need the permission of your lender.

The seller or lender, also known as the grantor, and the buyer or the grantee are the two parties involved in a warranty contract.

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.

Colorado law does not recognize tenancy by the entirety. Property in Colorado can only be owned be- tween two or more individuals in joint tenancy or as tenants in common.

TENANT MAY SEVER THE JOINT TENANCY BETWEEN HIMSELF OR HERSELF AND ALL REMAINING JOINT TENANTS BY UNILATERALLY EXECUTING AND RECORDING AN INSTRUMENT CONVEYING HIS OR HER INTEREST IN REAL PROPERTY TO HIMSELF OR HERSELF AS A TENANT IN COMMON. THE JOINT TENANCY SHALL BE SEVERED UPON RECORDING SUCH INSTRUMENT.

Two or more individuals can own assets together in joint tenancy. In ?joint tenancy,? each owner has an equal and undivided interest in the property. Most importantly, a joint tenancy creates a ?right of survivorship,? which means that when one owner dies, his or her interest passes to the surviv- ing joint owner(s).

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.