A St. Petersburg Florida Warranty Deed from two individuals to two individuals as Joint Tenants with the Right of Survivorship with Retained Life Estates is a legal document that transfers ownership of a property from two individuals, referred to as granters, to two other individuals, referred to as grantees. This type of warranty deed grants the grantees' ownership rights in the property and ensures that the property has a clear title. With the Right of Survivorship, if one of the grantees passes away, their share of the property automatically transfers to the surviving grantee(s) without the need for probate. This means that the surviving grantee(s) will inherit the deceased grantee's share, maintaining full ownership of the property. Retained Life Estates add a layer to this type of warranty deed. In this situation, the granters retain a life estate in the property, meaning they have the right to reside in or use the property during their lifetime. After the granters pass away, the full ownership of the property is transferred to the grantees. Different types of St. Petersburg Florida Warranty Deed from two Individuals to Two Individuals as Joint Tenants with the Right of Survivorship with Retained Life Estates may include the following: 1. Regular Warranty Deed with Joint Tenancy and Retained Life Estates: This is the standard type of warranty deed that transfers ownership with the right of survivorship and the retained life estates. 2. Special Warranty Deed with Joint Tenancy and Retained Life Estates: This type of warranty deed only guarantees that the granters have not done anything to harm the title during their ownership of the property. It does not cover any defects or issues that may have existed prior to their ownership. 3. Quitclaim Deed with Joint Tenancy and Retained Life Estates: This type of deed transfers ownership without any warranty or guarantee of the title's validity. It simply conveys the granters' interest, if any, in the property. It is essential to consult with a qualified real estate attorney to ensure the appropriate deed type is selected and drafted correctly according to the specific circumstances of the property transfer.
St. Petersburg Florida Warranty Deed from two Individuals to Two Individuals as Joint Tenants with the Right of Survivorship with Retained Life Estates
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