This form is a Quitclaim Deed where the grantor is an individual and the grantees are three individuals. Grantor conveys and quitclaims the described property to grantees subject to a retained life estate in grantor. Grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
The Everett Washington Quitclaim Deed — Individual to Three Individuals with Reserved Life Estate in Granter is a legal document that facilitates the transfer of property ownership from an individual to three other individuals, while also reserving a life estate for the granter. This particular type of quitclaim deed pertains to properties located in Everett, Washington. A quitclaim deed is a legal instrument used to transfer property rights, with the granter giving up any claims or interests they have in the property to the grantees. In this case, the granter, an individual, is transferring ownership to three individuals while reserving a life estate for themselves. This means that the granter retains the right to use and enjoy the property during their lifetime. The term "reserved life estate" refers to the granter's ability to remain in the property and use it as their primary residence until their death. Once the granter passes away, the ownership of the property automatically transfers to the three individuals named as grantees. It is important to note that there may be different variations or types of Everett Washington Quitclaim Deed — Individual to Three Individuals with Reserved Life Estate in Granter based on specific circumstances. These variations might include: 1. Quitclaim Deed With Specific Provisions: This type of quitclaim deed could include additional agreements or provisions that outline specific terms and conditions agreed upon by the granter and the grantees regarding the reserved life estate, transfer of ownership, or any restrictions on the property. 2. Joint Tenancy with Right of Survivorship: In some cases, the quitclaim deed might establish a joint tenancy with right of survivorship for the grantees. This means that if one of the grantees passes away, their share automatically transfers to the surviving grantees, rather than being included in their estate. 3. Tenancy in Common: Alternatively, the quitclaim deed could establish a tenancy in common, where each grantee has an equal or specified share of the property, and their share can be passed on to their heirs or designated beneficiaries through their estate. When dealing with an Everett Washington Quitclaim Deed — Individual to Three Individuals with Reserved Life Estate in Granter, it is crucial to consult with an experienced real estate attorney or professional to ensure all legal requirements are met and to get advice tailored to your specific situation.
