This form is a Grant Deed where the Grantor is an individual and the Grantee are two individuals. Grantor conveys and grants the described property to the Grantees with stated warranties. The Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.
Oakland Michigan Grant Deed is a legal document transferring ownership of property from a granter to two grantees. This type of deed is commonly used in real estate transactions in Oakland County, Michigan. A grant deed is a legally binding contract that provides evidence of the transfer of property rights. In this specific case, the granter is the individual or entity who currently holds the title and ownership of the property, while the grantees are the parties to whom the property rights will be transferred. The grant deed ensures that the granter has the legal authority to transfer the property and guarantees that the property is free from any undisclosed liens or encumbrances. There are different variations of Oakland Michigan Grant Deeds from a Granter to two Grantees. Some common types include: 1. Traditional Grant Deed: This is the most basic type of grant deed, where the granter transfers the property rights to two specific grantees. The deed typically includes the legal description of the property, the names of the granter and grantees, and the signatures of all parties involved. 2. Joint Tenancy Grant Deed: In this type of grant deed, the granter transfers the property rights to two grantees as joint tenants. Joint tenancy means that both grantees have an equal and undivided interest in the property. If one of the grantees passes away, their interest automatically transfers to the surviving grantee. 3. Tenancy in Common Grant Deed: With this type of grant deed, the granter conveys the property rights to two grantees as tenants in common. Each grantee has a separate and distinct share of the property, which can be unequal. Unlike joint tenancy, in tenancy in common, there is no automatic transfer of a deceased grantee's interest to the surviving grantee. When drafting an Oakland Michigan Grant Deed from a Granter to two Grantees, it is crucial to include all necessary details, such as the legal description of the property, any relevant restrictions or easements, and the exact names and addresses of the granter and grantees. Additionally, the deed should be properly executed, notarized, and recorded with the appropriate county recorder's office to ensure its validity and to provide a clear chain of title for the property.
