Michigan Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership of both surface and mineral rights from multiple granters to one or more grantees. This type of deed provides a guarantee to the grantee(s) that the granters have full legal right and authority to transfer the property, and that the property is free of any liens or encumbrances, except as expressly stated in the deed. In Michigan, there are a few variations of the Warranty Deed for Surface and Mineral Interests with Multiple Granters, depending on the specific circumstances of the transaction. These include: 1. Michigan General Warranty Deed for Surface and Mineral Interests with Multiple Granters: This type of deed assures the grantee(s) that the granters have clear title to both the surface and mineral rights, and that they will defend against any claims that may arise in the future. 2. Michigan Special Warranty Deed for Surface and Mineral Interests with Multiple Granters: Unlike the general warranty deed, this deed only guarantees that the granters have not caused any encumbrances on the property during their ownership. It does not provide a guarantee against claims that existed before their ownership. 3. Michigan Quitclaim Deed for Surface and Mineral Interests with Multiple Granters: This type of deed transfers whatever interest or claim the granter has in the property, without any warranties or guarantees. It is commonly used when the granters are unsure about the extent of their ownership or when there is a familial transfer. The Michigan Warranty Deed for Surface and Mineral Interests with Multiple Granters typically includes important information such as the names and addresses of all granters and grantees, the legal description of the property including any identifying numbers, the purchase price or consideration paid, and any relevant terms or conditions of the transfer. It must also include the signature of all granters and be properly notarized for it to be legally binding. It is crucial to consult with a qualified attorney or legal professional when preparing or executing a Michigan Warranty Deed for Surface and Mineral Interests with Multiple Granters, to ensure compliance with all applicable laws and regulations, as well as to protect your rights and interests as a granter or grantee.
Michigan Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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How to fill out Michigan Warranty Deed For Surface And Mineral Interests With Multiple Grantors?
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FAQ
A special warranty deed is a deed to real estate where the seller of the property?known as the grantor?warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.
The grantor is the owner transferring the real estate, while the grantee is the individual or organization receiving the property. In Michigan, a deed must be signed by the grantor, notarized, and recorded to the Register of Deeds for the property transfer to be considered valid and effective.
Michigan deeds are recorded with the register of deeds office for the county where the property is located.
How to Create a Michigan Warranty Deed Form The parties' names; An accurate legal description of the property; A statement of consideration; and. The co-ownership form the new owners will use to hold title (if there are multiple new owners).
A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.
A deed is the instrument that transfers ownership of real property from one owner to another. It contains the names of the current owner (the grantor) and the new owner (the grantee), the legal description of the property, and is signed by the grantor.
The completed document will include the purchase price that was paid to the grantor, a description of the property, the contact information for the grantor and grantee, the grantor's signature, and a notary acknowledgment.
A special warranty deed is a deed to real estate where the seller of the property?known as the grantor?warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.