A Lansing Michigan Warranty Deed from Individual to Three Individuals is a legal document that signifies the transfer of ownership of real estate property from one individual to three individuals, guaranteeing certain assurances and protections for the new owners. This type of warranty deed ensures that the granter, the person selling the property, has the legal right to sell the property and that there are no encumbrances or claims on the property, except those explicitly stated in the deed. The Lansing Michigan Warranty Deed from Individual to Three Individuals is an essential document in real estate transactions as it offers several key benefits. Firstly, it provides a guarantee that the property is free from any outstanding liens and claims. Additionally, it provides the new owners with legal recourse in case any defects or issues arise with the title of the property. The warranty deed is often used in the sale of real estate as it provides a higher level of protection compared to other types of deeds. There are several variations of Lansing Michigan Warranty Deed from Individual to Three Individuals, including: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection for the new owners, as it includes covenants or promises from the granter to defend the property against any claims that may arise. 2. Special Warranty Deed: In this variation, the granter only guarantees that he or she has not caused any title defects during their ownership of the property. This type of warranty deed offers limited protections compared to the general warranty deed. 3. Quitclaim Deed: The quitclaim deed is often used when the granter cannot guarantee the status of the title, making no promises or guarantees. It simply transfers the granter's interests, if any, to the new owners. It is important for all parties involved in a Lansing Michigan Warranty Deed from Individual to Three Individuals to thoroughly understand the implications and details of the chosen deed type before proceeding with the transaction. Consulting with a real estate attorney or a knowledgeable professional is highly recommended ensuring that all legal requirements are met, providing a smoother transfer of ownership and peace of mind for all parties involved.
Lansing Michigan Warranty Deed from Individual to Three Individuals
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