A Pembroke Pines Florida Warranty Deed for Three Individuals to One Individual with Retained Life Estates in Two Granters is a legally binding document that transfers ownership of a property from three individuals to one individual, while also retaining life estates for two granters. This type of deed ensures that the one individual receives full ownership of the property, while the two granters retain the right to live on the property for the duration of their lives. Keywords: Pembroke Pines Florida, warranty deed, three individuals, one individual, retained life estates, granters, property ownership, legal document, full ownership, right to live. There are different types of Pembroke Pines Florida Warranty Deeds for Three Individuals to One Individual with Retained Life Estates in Two Granters, and they can be classified based on specific conditions and variations. Some common types are: 1. Joint Tenancy with Right of Survivorship: This type of warranty deed ensures that if one of the three individuals were to pass away, their share of the property automatically transfers to the surviving owner(s), instead of being distributed according to their will or through probate. 2. Tenancy in Common: Unlike joint tenancy, tenancy in common allows each individual to have a specific percentage of ownership in the property. If one of the individuals were to pass away, their share would be passed on to their heirs or as directed in their will, instead of automatically transferring to the surviving owners. 3. Life Estate Deed: This type of warranty deed grants the two granters the right to live on the property for the rest of their lives. After their passing, the full ownership of the property transfers to the one individual named in the deed. 4. Enhanced Life Estate Deed: Also known as a Lady Bird Deed, this type of warranty deed allows the two granters to retain control of the property during their lifetimes, including the right to sell or mortgage it without involving the one individual named in the deed. Upon their passing, the ownership transfers directly to the one individual, bypassing probate. 5. Specific Retained Life Estate: This warranty deed allows the granters to retain the right to live in specific portions of the property, such as a particular dwelling or land area. The one individual named in the deed has ownership of the remaining portions. It's important to consult an attorney or real estate professional for guidance in drafting and executing a Pembroke Pines Florida Warranty Deed for Three Individuals to One Individual with Retained Life Estates in Two Granters, as the specific details and legalities can vary depending on the individual circumstances and requirements.
Pembroke Pines Florida Warranty Deed for Three Individuals to One Individual with Retained Life Estates in Two Grantors
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