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1 Warranty Deed to be used to convey property to joint tenants with survivorship rights
A warranty deed is a deed in which the grantor of property makes certain guarantees to the person whom he or she is conveying the property to, the grantee. The grantor guarantees that he/she holds clear title to a piece of real estate and has the right to sell it. This guarantee extends beyond the grantor's own possession of the property, and all the way back to its origins and also guarantees the property is free from all encumbrances (except as set forth in the document), that the grantee will be able to quietly enjoy the property, and that the grantor will forever warrant and defend the title to the property against any lawful claims and demands.
In many states, tenancy in common is the default for two or more individuals taking title to the same property. Each tenant in common owns an individual share, has a right to possess the whole and may own unequal portions of the property. An owner of a share may transfer through, sale, gift, will or through intestacy, their own share and it does not disturb the other owners. The new party becomes a tenant in common with the remaining owners.
Use this document to create a deed conveying property to multiple parties who wish to take title as tenants in common, without survivorship rights.
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2 Tenant's Notice of Terminating Tenancy
A lease without a specific expiration date, such as a month to month lease, requires that written notice be given by the tenant to the landlord. Additionally, in some states even leases with expiration dates may require notice of intent to terminate. Depending on the state and the term of the lease the time for notice will vary.
Use this document to provide your landlord with proper written notice of your intention to terminate your tenancy.
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3 Tenant Notice of Invoking Option
A lease agreement between a landlord and tenant may contain an option for the tenant to renew the lease upon expiration. The agreement usually requires a certain amount of notice that the tenant must give the landlord of his or her intention to renew. Within the time requirements, tenant will need to inform the landlord of the intention to renew in writing.
Use this document to inform landlord of your intention to invoke the option to renew your lease.
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4 Sublease
When a landlord and tenant are under a lease contract, tenant may desire to sublet to a third party. Thereby transferring all rights and obligations of tenant (who becomes sublessor) to the sublessee. Depending on the jurisdiction, a fiduciary relationship will remain between landlord and original tenant as well as being created between sublessor and sublessee and created between landlord and sublessee.
Use this document to create a sublease to be entered into between an original tenant (sublessor) and new tenant (sublessee).
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5 Residential Lease
A residential lease is a lease for real estate, between landlord and tenant, involving residential property as opposed to commercial. A lease is a legally enforceable agreement between two parties for the temporary use of real property. It gives the tenant, lessee, the right to use the landlords, lessor's, property.
Use this document to enter into a legal agreement between a landlord and tenant, for the rental and use of real property.
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6 Residential Lease
A residential lease is a lease for real estate, between landlord and tenant, involving residential property as opposed to commercial. A lease is a legally enforceable agreement between two parties for the temporary use of real property. It gives the tenant, lessee, the right to use the landlords, lessor's, property.
Use this document to enter into a legal agreement between a landlord and tenant, for the rental and use of real property.
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7 Real Estate Purchase Agreement
A purchase agreement is used by a person seeking to purchase real estate, it is used to make a formal offer. A purchase agreement includes formalities for purchasing real estate such as the amount of down payment, who will be used as escrow agent, and clarifies the rights and obligations of both the person seeking to buy, Purchaser, and the person seeking to sell, Seller. Use this document to make a formal offer to a seller on a real estate transaction.
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8 Real Estate Co-Purchaser Agreement
A purchase agreement is used by a person seeking to purchase real estate, it is used to make a formal offer. A purchase agreement includes formalities for purchasing real estate such as the amount of down payment, who will be used as escrow agent, and clarifies the rights and obligations of both the person seeking to buy, Purchaser, and the person seeking to sell, Seller. Use this document to make a formal offer, from multiple parties, to a seller on a real estate transaction.
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9 Quitclaim deed to be used to convey property ownership to tenants in common
A Quitclaim deed allows for the transfer of a share of interest in property. What makes a quitclaim deed unique is that the grantor does not guarantee or warrant anything when transferring his or her share. The grantor may in fact not have title or interest in the property. Some common uses for quitclaim deeds are to transfer title between family members, in a divorce when one spouse will ?quitclaim? his or her interest in the family home to the other spouse for example, or to transfer real property into a trust or to a corporation.
In states that recognize community property, married spouses, and in some states, domestic partners, who acquire property during the marriage or partnership do so as community property. This means that the property is an asset of the community, and that it is owned jointly by the spouses or partners. There are no survivorship rights with regards to community property, upon death of one spouse or partner ? of the community property passes to the living spouse or partner and the other ? passes by will or intestate. Different states treat community property differently and therefore the laws of your particular state should be consulted.
This type of Deed is most often used by a couple after marriage to transfer title from one spouse to both spouses.
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10 Quitclaim Deed to be used to convey property ownership to joint tenants with rights of survivorship
A Quitclaim deed allows for the transfer of a share of interest in property. What makes a quitclaim deed unique is that the grantor does not guarantee or warrant anything when transferring his or her share. The grantor may in fact not have title or interest in the property. Some common uses for quitclaim deeds are to transfer title between family members, in a divorce when one spouse will ?quitclaim? his or her interest in the family home to the other spouse for example, or to transfer real property into a trust or to a corporation.
Joint tenants own equal shares to property and like tenants in common, they have the right to possess the whole. The major difference is that joint tenants have rights of survivorship. The death of one joint tenant causes the entire property interest to pass to the other joint tenant or tenants. However, a joint tenant may, during his lifetime, transfer his interest to a third party. The affect of this transfer is that the transferee becomes a tenant in common with the remaining joint tenants. If there were more than two joint tenants to begin with, the joint tenancy relationship between the non transferring owners is not disturbed with regard to each other, only with regard to the transferee.
Use this document to create a quitclaim deed conveying property to multiple parties who wish to take title as joint tenants with rights of survivorship.
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