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Commonly Asked Questions about Individuals to Individuals Property Transfer

Annexation. The process of converting personal property into real property. Real Property versus Personal Property.
The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.
Conveyance is the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. A conveyance is done using an instrument of conveyancea legal document such as a contract, lease, title, or deed.
Types of Deeds: Warranty and Quitclaim There are two types of warranty deeds, general warranty deeds and special warranty deeds. The most common way to transfer property is through a general warranty deed (sometimes called a grant deed). A general warranty deed guarantees good title from the beginning of time.
Common Methods of Property Transfer in California Grant Deeds. A Grant Deed is a crucial tool in California property transfers. Quitclaim Deeds. Quitclaim Deeds take a different approach to property transfers. Warranty Deeds. Warranty Deeds provide a robust layer of protection for property buyers.
assignment, grant. (law) a transfer of property by deed of conveyance. escheat. the property that reverts to the state.
Voluntary alienation is an unforced transfer of title by sale or gift from an owner to another party. Involuntary alienation is a transfer of title without the owners consent.