This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
A warranty deed is a legal document used to transfer ownership of real estate from one party to another. In Sterling Heights, Michigan, when two individuals wish to transfer their property to a corporation, they can execute a warranty deed specifically designed for this type of transaction. This deed ensures that the corporation receives a clear and marketable title to the property, free from any encumbrances or claims. The Sterling Heights Michigan Warranty Deed from two Individuals to Corporation establishes a legally binding agreement between the individuals, known as granters, and the corporation, known as the grantee. By executing this deed, the granters warrant that they are the lawful owners of the property and have the right to sell it to the corporation. They also guarantee that the property is not subject to any undisclosed liens, easements, or restrictions that could affect the corporation's ownership rights. Such warranty deeds may be further categorized based on the nature of the transfer or specific conditions outlined in the document. Some examples include: 1. General Warranty Deed: This type of warranty deed provides the broadest level of protection to the grantee, guaranteeing that the granters will defend the title against any claims made by third parties, even if the claim relates to events that occurred before the granters acquired the property. 2. Special Warranty Deed: In contrast to a general warranty deed, a special warranty deed limits the granter's liability. It guarantees that the granters will defend the title against any claims made by third parties, but only for matters that arose during the granters' ownership of the property. 3. Bargain and Sale Deed: This type of warranty deed is commonly used when the granters wish to transfer the property without explicitly guaranteeing the title. While it does not contain the same level of protection as a general or special warranty deed, it implies that the granters have the right to sell the property. Regardless of the specific type of Sterling Heights Michigan Warranty Deed from two Individuals to Corporation, it is crucial to consult with an attorney or a qualified real estate professional to ensure the proper execution and recording of the deed to protect the interests of both parties involved in the transaction.A warranty deed is a legal document used to transfer ownership of real estate from one party to another. In Sterling Heights, Michigan, when two individuals wish to transfer their property to a corporation, they can execute a warranty deed specifically designed for this type of transaction. This deed ensures that the corporation receives a clear and marketable title to the property, free from any encumbrances or claims. The Sterling Heights Michigan Warranty Deed from two Individuals to Corporation establishes a legally binding agreement between the individuals, known as granters, and the corporation, known as the grantee. By executing this deed, the granters warrant that they are the lawful owners of the property and have the right to sell it to the corporation. They also guarantee that the property is not subject to any undisclosed liens, easements, or restrictions that could affect the corporation's ownership rights. Such warranty deeds may be further categorized based on the nature of the transfer or specific conditions outlined in the document. Some examples include: 1. General Warranty Deed: This type of warranty deed provides the broadest level of protection to the grantee, guaranteeing that the granters will defend the title against any claims made by third parties, even if the claim relates to events that occurred before the granters acquired the property. 2. Special Warranty Deed: In contrast to a general warranty deed, a special warranty deed limits the granter's liability. It guarantees that the granters will defend the title against any claims made by third parties, but only for matters that arose during the granters' ownership of the property. 3. Bargain and Sale Deed: This type of warranty deed is commonly used when the granters wish to transfer the property without explicitly guaranteeing the title. While it does not contain the same level of protection as a general or special warranty deed, it implies that the granters have the right to sell the property. Regardless of the specific type of Sterling Heights Michigan Warranty Deed from two Individuals to Corporation, it is crucial to consult with an attorney or a qualified real estate professional to ensure the proper execution and recording of the deed to protect the interests of both parties involved in the transaction.
