California Code, Probate Code - PROB § 5652

(a) A revocable transfer on death deed transfers all of the transferor's interest in the property on the transferor's death according to the following rules:

(b) Property is transferred by a revocable transfer on death deed subject to any limitation on the transferor's interest that is of record at the transferor's death or that is recorded no later than 120 days after the affidavit required by subdivision (c) of Section 5682 is recorded, including, but not limited to, a lien, encumbrance, easement, lease, or other instrument affecting the transferor's interest, whether recorded before or after recordation of the revocable transfer on death deed.  The holder of rights under that instrument may enforce those rights against the property notwithstanding its transfer by the revocable transfer on death deed.  An enforceable restriction on the use of the transferred property does not affect the transfer of title to the property by a revocable transfer on death deed.

(c) Notwithstanding subdivision (b), an interest in a stock cooperative is transferred by a revocable transfer on death deed subject to any limitation on the transferor's interest that is expressed in the governing documents of the stock cooperative or in a written agreement between the stock cooperative and the transferor, without regard for whether or not those instruments are recorded.

(d) If a stock cooperative exercises an option to purchase property transferred by a revocable transfer on death deed on the transferor's death, the result is as follows:

(e) A revocable transfer on death deed transfers the property without covenant or warranty of title.