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Updated almost 4 years ago,
Transferring titles but maintaining lease - please help!
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 we have 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.