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© 2016 - U.S. Legal Forms, Inc. NEVADA BENEFICIARY DEED FOR A CONDOMINIUM [a.k.a. Transfer on Death Deed] [Individual to Two Individuals / Husband and Wife] Control Number: NV-056-77 I. TIPS ON COMPLETING THE FORMSThe form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Nevada, real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship (JTWROS): is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above c. Community Property - a form of joint ownership of property between married individuals. When a married co-owner dies their share goes to their heirs as provided in their will or the laws of intestacy. d. Community Property with the right of survivorship - a form of joint ownership of property between married individuals. When a married co- owner dies their share goes to the surviving spouse. 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; community property or community property with the right of survivorship. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “as Tenants in Common ,” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Nevada. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Beneficiary (TOD) Deed Page 1 of 2 THIS INSTRUMENT PREPARED BY: NAME ADDR. SEND TAX STATEMENTS NAME ADDR. APN #: TRANSFER ON DEATH DEED (Individual to Two Individual / Husband and Wife) KNOW ALL MEN BY THESE PRESENTS THAT: GRANTOR: , an unmarried individual, DOES HEREBY CONVEY UNTO GRANTEES: and , individuals, as , EFFECTIVE UPON MY DEATH the following lands and property, together with all improvements located thereon, lying in the County of ______________________, State of Nevada, to-wit: Unit in ______________________________ Condominium, being a condominium created under Chapter 117 of the Nevada Revised Statutes by a “Declaration/Plan of Condominium for ________________________ Condominium”, dated the day of ____________, 20______ and recorded the ______ day of __________________, 20______ in the Office of the County Recorder for __________________ County, Nevada, as Instrument No. ____________, Book/Instr. ____________ and by a Condominium Plan and Parcel Map therefor; Together with all appurtenant rights, title and interests, including (without limitation): (a) the undivided percentage interest in all Common Elements as specified for such Unit in the aforementioned Declaration; (b) the right to use of the areas and /or facilities, if any, specified in the aforementioned Declaration, as Limited Common Elements for such Unit; and (c) membership in the ______________________________ Owner’s Association, ________________________, (hereafter the “Owner’s Beneficiary (TOD) Deed Page 2 of 2 Association”), a __________________, as provided for in the aforementioned Declaration and in any Articles of Incorporation and/or Bylaws for such Owner’s Association. Grantees, by acceptance of this Deed, agrees and binds Grantees and all their heirs, representatives, successors and assigns to all the terms, provisions and conditions of the Condominium Documents and all amendments thereto. Derivation: This being the same property conveyed to Grantor by Deed dated ____________ and recorded ____________ (date) in the Office of the Recorder of Deeds for __________________ County in Book ____________ at Page ____________ and Instrument Number ____________. This transfer on death deed is revocable. This transfer on death deed does not transfer any ownership until the death of the Grantor. This transfer on death deed revokes all prior deeds by the grantor which convey the same real property pursuant to subsection 1 of NRS 111.109 regardless of whether the prior deeds failed to convey the Grantor’s entire interest in the same real property. SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. TO HAVE AND TO HOLD same unto Grantees, and unto Grantee’s heirs and assigns forever, with all appurtenances thereunto belonging. WITNESS Grantor’s hand and seal this the ____ day of ________________, 20____. Signature Print Name State of Nevada, County of The foregoing instrument was acknowledged before me on , (date) by . Notary Public, State of (Seal) Print or Type Name My Commission Expires: COMMUNITY PROPERTY AGREEMENT1 It is hereby agreed by and between and , Husband and Wife, Grantees herein, that the above described community property shall, in the event of the death of one spouse, vest in and belong to the surviving spouse. Signature of Grantee Type or Print Name Signature of Grantee Type or Print Name 1 Use only if the Grantees are taking the property as Community Property with the Right of Survivorship.