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Updated almost 4 years ago, 02/07/2021

User Stats

31
Posts
3
Votes
Debbie C.
3
Votes |
31
Posts

Transferring Titles but maintaining lease - please help!

Debbie C.
Posted

I would like to transfer the title of my rental property (in California)

to my daughter. The property is owned free and clear. However, I am

concerned because there are tenants in the property and we don't want to

make any changes to the lease and are also worried that changing

insurance policies would also be cumbersome. So I was considering

whether it'd be better to leave my name on the title with some

percentage of ownership. The idea behind that being that maybe we can

avoid having to notify our tenants and insurance companies of the

changes. Does anyone have any advice in regards to this? Thank you.