California  |  Real Estate Law

Legal Question

Asked on: 4/11/05, 7:23 pm

how to transfer partial interest in property

We loaned our kids a substantial down payment for a condo. Rather than loan payments, we agreed to take a percentage (approx 33%) of the house as an investment. They would pay us this percent of its value when they sell or refinance in the future. How do we record this so we are protected if anything happens to them? It looks like Grant Deeds only transfer complete interest in the property.

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