Property Ownership Transfer Guide

Summary

Adding someone to a property deed in California is legally feasible but involves several implications. These include potential property tax reassessment, ownership rights, liabilities, and effects on estate planning. The process requires preparing a Grant Deed, obtaining signatures, notarization, and recording with the county. Consulting a real estate attorney is crucial to understand these implications fully and ensure compliance with legal procedures. Contact the California State Bar Association Referral Service for assistance in finding a qualified attorney.

Full Conversation

My landord allows me to rent her house and do rental arbitrage, but the city requires owners to apply for the permit. My landlord doesn't want to get involved, but is willing to help. I was wondering can she put me on the deed to own *% of the house so I can apply for the permit?
Hi ****,
In California, adding someone to the deed to own a percentage of the property is legally possible. However, this process involves several legal and financial implications for both you and your landlord.
- **Grant Deed**: This can be used to transfer *% ownership.
- **Property Taxes**: Reassessment of property taxes could occur.
- **Legal Advice**: It's advisable to consult a real estate attorney to understand all implications.
Would you like more details on the Grant Deed process?
yes
Here's some information on the Grant Deed process in California:
- **Preparation**: The Grant Deed must be prepared with the correct legal description of the property.
- **Signatures**: Both parties (grantor and grantee) must sign the deed.
- **Notarization**: The deed needs to be notarized.
- **Recording**: The deed must be recorded with the county recorder's office.
It's essential to consult a real estate attorney to ensure all steps are correctly followed and to understand the full implications. Would you like assistance with finding an attorney or additional details on any of these steps?
yes
Sure, ****. Here are some additional details on the steps involved in the Grant Deed process:
- **Preparation**: Ensure the Grant Deed includes the property's legal description and the new ownership percentage.
- **Signatures**: Both the grantor (your landlord) and the grantee (you) must sign the deed.
- **Notarization**: Have the deed notarized by a licensed notary public.
- **Recording**: Submit the notarized deed to the county recorder's office for official recording.
If you need assistance finding a real estate attorney or have any more questions, please let me know.
what are the full implications
Hi ****,
Here are some key implications of adding you to the deed:
- **Property Taxes**: The property may be reassessed, potentially increasing taxes.
- **Ownership Rights**: You will have legal ownership rights and responsibilities.
- **Liability**: You could be liable for any debts or obligations tied to the property.
- **Estate Planning**: Your ownership could affect your landlord's estate plans.
Consulting a real estate attorney is crucial for detailed advice tailored to your situation. Would you like help finding one?
Yes

California State Bar Association Referral Service


Phone: (*) *-*
Website: www.calbar.ca.gov/Public/Need-Legal-Help/Lawyer-Referral-Service

****, you can contact the California State Bar Association Referral Service to find a qualified real estate attorney. They can provide legal advice specific to your situation and help you understand all the implications of adding you to the deed.