This form is a Quitclaim Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and quitclaims the described property to Grantees. The Grantees take the property as tenants in common. This deed complies with all state statutory laws.
A Tallahassee Florida Quitclaim Deed — Individual to Two Individuals as Tenants in Common refers to a legal document used to transfer property ownership from one individual to two individuals, creating a Tenancy in Common arrangement. In this type of deed, the individual transferring the property (the granter) relinquishes their interest in the property to the two recipients (the grantees) as tenants in common. A quitclaim deed is a legal instrument often used in real estate transactions to transfer the ownership rights of a property without providing any warranties or guarantees regarding the property's title. Instead, it simply transfers the granter's interest, if any, to the grantees. This makes it important for both parties involved to conduct thorough due diligence on the property's title and condition. A quitclaim deed allows for a transfer of property rights without the need for a sale transaction. Unlike other types of deeds, such as a warranty deeds or special warranty deeds, a quitclaim deed does not guarantee that the granter actually possesses ownership rights or that the property is free from encumbrances. When an individual transfers their property to two individuals as tenants in common, it means that both grantees have an equal, undivided ownership interest in the property. Each tenant in common has the right to use the entire property and can sell, donate, or mortgage their interest without requiring consent from the other tenants. The individual shares do not have to be equal, and the distribution of proceeds upon sale or refinancing is based on each tenant's percentage of ownership. Different types of Tallahassee Florida Quitclaim Deed — Individual to Two Individuals as Tenants in Common may include variations based on specific circumstances or conditions. For example, there may be quitclaim deeds with specific restrictions or limitations on the use or transfer of the property. Additionally, some quitclaim deeds may include provisions for rights of survivorship, which stipulate what happens to a tenant's interest in the property upon their death. It is important for individuals involved in such a transaction to consult with a qualified real estate attorney or legal professional to ensure that the deed is prepared accurately and in compliance with Florida state laws.
