Los Angeles CA | Orange County | San Bernardino CA | Riverside CA
A deed is a paper record that transfers real estate property ownership to another person. The names of the prior and new owners of the real estate property for which the deed is being written and a legal description of the real estate property are included in this document.
The deed is then notarized when the individual transfers the real estate property, signing it in the presence of a Notary Public. The deed shall then be “recorded” (filed) in the county where the real estate property is situated at the County Recorder’s Office.
The Quitclaim Deed is a legal document that permits a person to transfer all of their interests in real estate to another person. If someone owns real estate, a Quitclaim Deed conveys the grantor’s interest in the property to the Grantee. The Quitclaim Deed, on the other hand, the deed conveys nothing if a person has no rights to the real estate at all.
The Grant Deed is a document that permits someone to transfer real estate they possess to someone else.
The covenants or pledges made by the grantor are an essential distinction between the Grant Deed and the Quitclaim Deed forms (the party transferring the property). The following covenants are implied by the Grant Deed form
That the real estate is free of encumbrances done, created, or suffered by the grantor or anybody claiming under the grantor at the time of the grant deed’s execution
Interspousal Transfer Deed
The Interspousal Transfer Deed is a binding agreement that permits spouses to transfer real estate interests. You can select the relevant exclusion on the Interspousal Transfer Deed form so that the transfer does not result in a reassessment of the real estate for property tax reasons. The Interspousal Transfer Deed is commonly used for the following transfers:
- • To a spouse’s trust.
- • To a trust for a surviving spouse of a deceased spouse.
- • From a trust to the spouse of the settlor of the trust
- • From joint tenancy to community property
- • From joint tenancy to tenancy in common
- • From one spouse to both spouses
- • From one spouse to the other spouse
- • From both spouses to one spouse
- • To abandon any communal interest in the property and to vest it in the Grantee’s exclusive and distinct name
The Correcting Deed form is a document that permits a person to rectify minor typographical errors in a Deed that were found after it has been recorded. You can pick from one of the following rectifying deeds, depending on the sort of deed you’re repairing:
- • Correcting Deed of Quitclaim
- • Correcting Grant Deed