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What are the rules for joint tenancy in California?

To create a joint tenancy in California, the deed must clearly state the intention to create a joint tenancy. Phrases like as joint tenants or with right of survivorship should be included in the deed. Its also essential that all joint tenants sign the deed.

What is a disadvantage of joint tenancy ownership?

☞ No Safeguards Against Undisclosed Defects: A grant deed typically does not include any protection for the grantee against defects in the property that the grantor did not disclose. The grantee may be responsible for any liens or encumbrances on the property that the grantor did not disclose.

How do I add someone to a grant deed in California?

Generally, a change in ownership will initiate a reassessment of any property; however, certain exclusions may apply as outlined: The transfer of property between husband and wife. The transfer of property between registered domestic partners.

What does joint tenants mean on a grant deed?

Joint tenancy exists if two or more persons are joint and equal owners of the same undivided interest in real property. Generally, to establish a joint tenancy a fourfold unity must exist: interest, title, time, and possession.