Have you recently bought a new property in California and want to ensure you have all the necessary California deed forms? If so, you’ve come to the right place. This guide provides essential information about a California warranty deed, a California quitclaim deed, and other California deed forms.
A deed form entails the legal transfer of property from the grantor or seller to the grantee or buyer. The California general warranty deed entails the same legal transfer of ownership from the grantor’s real estate property to the grantee.
The document guarantees that there are no liens on the property. You can learn more about the laws surrounding California’s warranty deed forms here.
A California quitclaim deed is unique and separate from other deed forms. It entails transferring real estate property without guaranteeing the title to the property. Anyone who transfers property with a quitclaim deed makes no guarantee or promise that they own the property or have a title to the property.
A California quitclaim deed is used in the following situations:
- Real estate gifts
- Developing a deed to transfer property automatically upon death
- Taking a former spouse off of a real estate title after a divorce
- Removing a spouse’s name from a real estate title
- Removing clouds on a real estate property title
You can access a California quitclaim deed here.
The California special warranty deed is similar to a general warranty deed form. However, the difference is the period that matters, which is when the seller owned the property.
Essentially, it means the seller doesn’t make any guarantees regarding the prior holders of the deed. In California, it is much more likely that a special warranty deed is used to sell commercial real estate property instead of private residential property.
A California property deed also includes the California deed of trust. This form develops a security interest in property where the legal title gets transferred to a trustee who holds it as security as a loan between the borrower and the lender.