This form is a Quitclaim Deed where the grantors are three individuals and the grantees are a husband and a wife holding title as joint tenants.
A Miami Gardens Florida Quitclaim Deed — Three Individuals to Husband and Wife as Joint Tenants is a legal document used to transfer property ownership from three individuals to a married couple as joint tenants. In this type of deed, the three individuals are relinquishing any rights or claims they have to the property being transferred, and instead, the married couple will hold the property as joint tenants. Joint tenancy is a form of co-ownership where all parties have equal ownership interests in the property. This means that if one party passes away, their share automatically transfers to the surviving joint tenant(s) without the need for probate or a will. By using a quitclaim deed, the three individuals are transferring their interests "as is," meaning there are no warranties or guarantees regarding the property's title. There are different variations of Miami Gardens Florida Quitclaim Deeds — Three Individuals to Husband and Wife as Joint Tenants, including: 1. Miami Gardens Florida Quitclaim Deed — Three Individuals to Husband and Wife as Joint Tenants with Rights of Survivorship: This type of quitclaim deed ensures that if one of the joint tenants passes away, the surviving spouse will automatically inherit the deceased spouse's share of the property. 2. Miami Gardens Florida Quitclaim Deed — Three Individuals to Husband and Wife as Tenants in Common: In this variation, the three individuals transfer their rights to the married couple as tenants in common. Unlike joint tenancy, each owner's share is separate and can be bequeathed to their heirs upon their death, without automatically transferring to the surviving tenant(s). 3. Miami Gardens Florida Quitclaim Deed — Three Individuals to Husband and Wife as Joint Tenants with Limited Rights of Survivorship: This type of quitclaim deed allows for alternate arrangements between joint tenants regarding the transfer of shares upon the death of one tenant. They may agree to limit the rights of survivorship to specific circumstances, such as the surviving spouse's age or capacity to maintain the property. It is essential to consult an experienced real estate attorney or professional when dealing with quitclaim deeds to ensure proper execution and to understand the legal implications of each variation.
