How to Complete a Joint Tenancy Grant Deed
A joint tenancy grant deed is a deed held by a couple of parties that covers the right of survivorship of the deed holder. Developing a joint tenancy deed ensures that upon the death of one of the tenants, the share of that tenant’s ownership of the property passes on to the surviving tenant. It retains the property from a sometimes expensive probate process upon the tenant’s death. The joint tenancy deed even supersedes a contrasting will left by the dead person.
Obtain a sterile joint tenancy grant deed. You can find blank deed forms for sale in office supply stores and bookstores, or you can download and publish the grant type from the link provided in the Resource section.
Fill the form out completely in ink.
Figure out the documentary and property tax on the home using the taxation rate graph for the state of California. It’s possible to secure this graph from a California county recorder’s office. The taxation total is dependent upon their property’s location. Assessing the applicable documentary transfer tax fee and city tax rate by the property value and then place the results in the sections declaring the transfer tax and city tax rates on the joint tenancy award deed. Fill in the check boxes defining the value used for the computation along with also the positioning of their property.
List the legal names of their joint tenants under the Grant part of the form.
Establish the property that the deed covers, in the section asking for the described real property. Utilize the legal description of the property in the questionnaire form for the property. Locate the questionnaire form in the county clerk’s office of their property’s county.
Fill in the county in which the property is situated.
Sign and date the form in the presence of a notary public. Ensure both tenants are found for the signing and that both tenants place their signatures on the form. The notary will charge a small fee for this service.
Take or mail the form to the county recorder’s office to the county where the property is situated. Pay the tape fee to have the deed recorded along with the joint tenancy transfer finished.