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A Colorado deed must be recorded with the county clerk and recorder for the county where the property is located to provide formal notice of the transfer. The standard recording fee\u2014including a statutory surcharge\u2014is $13.00 for the first page, plus $5.00 for each additional page. Documentary Fee.
A type of shared ownership of property, where each owner has an undivided interest in the property. This type of ownership creates a right of survivorship, which means that when one owner dies, the other owners absorb the deceased owner's interest.
Colorado requires that a deed must be in writing to be effective. 2) Parties designated. To be valid, the deed must specifically name the person or entity conveying the interest in the property (the grantor). The grantor must be the name of the person who received the property (the grantee) on the previous deed.
Tenancy in common is presumed in Colorado law, unless joint tenancy is expressly stated in the deed. When two or more people (natural persons) or entities (corporations, partnerships, LLCs, or trusts, for example) take title to real property as tenants in common, each co-owner has an undivided interest in the property.
Two or more individuals can own assets together in joint tenancy. In \u201cjoint tenancy,\u201d each owner has an equal and undivided interest in the property. Most importantly, a joint tenancy creates a \u201cright of survivorship,\u201d which means that when one owner dies, his or her interest passes to the surviv- ing joint owner(s).
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The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.
The chief distinction between joint tenancy and tenancy in common is that joint tenancy creates a right of survivorship. A joint tenant's share of the property passes to the other joint tenant(s) upon death. As such, joint tenants cannot leave their portion of the property to a third party in their Will.
If one of two owners of property held in a JTWROS dies, ownership is transferred automatically to the remaining owner. This is called a right of survivorship. Unlike a tenancy in common, a co-owner cannot transfer their interest in property owned subject to a right of survivorship without destroying the right.
The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.
To file a Colorado quitclaim deed form, you must bring your signed and notarized quitclaim deed to the county clerk where the property is located. Make sure that you bring any required fees as well. Create a free Colorado Quit Claim Deed in minutes with our professional document builder.

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