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Grant Deed One Individual to Five Individuals as Joint Tenants California Form

Grant Deed One Individual to Five Individuals as Joint Tenants California Form

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hi George well talkin here commercial real estate professional in Los Angeles today I want to talk to you about the five main ways of holding title in California so title is just the form of ownership to the property so holding title or vesting in a certain way just means the form in which you own that property and what are the implications to that way of ownership so first up we have sole ownership sole ownership means there's one individual or one entity holding the property so if you own the property with an LLC you have it as a sole ownership under that LLC and the implications for what happens when that person passes on depend on that person's will or in probate it could be complicated at times holding with sole ownership because it's not baked in to the vesting next up is joint tenancy or joint ownership with joint ownership you have a right of survivorship which basically means if one of the owners dies their ownership the interest of the property goes to

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