How Do You Transfer Joint Tenancy On A Property?
The title to a property undergoes frequent changes. From home sales to adding a new spouse, simple steps can be taken to change the title. In some instances, people need to change how they hold title, such as changing from a single person to joint tenants. Joint tenancy is a popular way for people with equal interests to hold title because each party then has an equal right to the property and a party can easily be removed from the title upon his or her death. Draw up a blank deed. Use an online fill-in-the-blank form, like those found at www.chicagotitle.com. The first section to complete is the grantor’s information. The grantor is the person who currently holds the title. This section should include the person’s name and how the title is held. For example: Grant Jones, a married man. Next, fill in the same information for the Grantee, the person the title is being transferred to. For example: Marsha Jones, a single woman. Fill in the property information, also known as the legal des
