Michigan Granting Clause

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-498
• Format: Word; Rich Text

Description

The Granting Clause form, the the receipt and sufficiency of which is acknowledged, assignor grants, assigns, and conveys, without warranty of title, either express, implied or statutory, to assignee. The Michigan Granting Clause is a crucial component of property deeds in the state of Michigan, outlining the rights and limitations associated with property ownership. This clause establishes the extent of ownership being granted and contains specific keywords that define the nature of the grant. Different types of Michigan Granting Clauses include General Warranty, Special Warranty, and Quitclaim Deeds. General Warranty Deed: The General Warranty Deed is a commonly used type of Michigan Granting Clause, ensuring the highest level of protection for the grantee. This clause typically includes keywords such as "convey and warrant," "grant," or "bargain and sell." By using these keywords, the granter assures the grantee that they have full legal rights to the property and that the property is without any encumbrances or defects, both during their ownership and prior to the granter's ownership. Special Warranty Deed: In contrast to the General Warranty Deed, the Special Warranty Deed offers a limited level of protection to the grantee. The clause includes keywords such as "convey and warrant," or "grant," but with the addition of the phrase "only against the claims and demands of the granter." This means that the granter guarantees the title against any defects or encumbrances that occurred during their ownership, but not against any issues that existed prior to their ownership. Quitclaim Deed: The Quitclaim Deed is another type of Michigan Granting Clause, which provides the least amount of protection for the grantee. This clause typically includes keywords such as "quitclaim" or "demise, release, and quitclaim." With a Quitclaim Deed, the granter transfers their ownership interest in the property without making any warranties or guarantees. Essentially, the granter is stating that they are releasing any claims they may have had on the property without ensuring the existence of a clear title or any potential liabilities associated with it. In conclusion, the Michigan Granting Clause is a fundamental component of property deeds, and its various types, including General Warranty, Special Warranty, and Quitclaim Deeds, determine the level of protection and guarantees provided to the grantee. Understanding the language and keywords used in the granting clause is essential for both the granter and grantee when engaging in real estate transactions in Michigan.

The Michigan Granting Clause is a crucial component of property deeds in the state of Michigan, outlining the rights and limitations associated with property ownership. This clause establishes the extent of ownership being granted and contains specific keywords that define the nature of the grant. Different types of Michigan Granting Clauses include General Warranty, Special Warranty, and Quitclaim Deeds. General Warranty Deed: The General Warranty Deed is a commonly used type of Michigan Granting Clause, ensuring the highest level of protection for the grantee. This clause typically includes keywords such as "convey and warrant," "grant," or "bargain and sell." By using these keywords, the granter assures the grantee that they have full legal rights to the property and that the property is without any encumbrances or defects, both during their ownership and prior to the granter's ownership. Special Warranty Deed: In contrast to the General Warranty Deed, the Special Warranty Deed offers a limited level of protection to the grantee. The clause includes keywords such as "convey and warrant," or "grant," but with the addition of the phrase "only against the claims and demands of the granter." This means that the granter guarantees the title against any defects or encumbrances that occurred during their ownership, but not against any issues that existed prior to their ownership. Quitclaim Deed: The Quitclaim Deed is another type of Michigan Granting Clause, which provides the least amount of protection for the grantee. This clause typically includes keywords such as "quitclaim" or "demise, release, and quitclaim." With a Quitclaim Deed, the granter transfers their ownership interest in the property without making any warranties or guarantees. Essentially, the granter is stating that they are releasing any claims they may have had on the property without ensuring the existence of a clear title or any potential liabilities associated with it. In conclusion, the Michigan Granting Clause is a fundamental component of property deeds, and its various types, including General Warranty, Special Warranty, and Quitclaim Deeds, determine the level of protection and guarantees provided to the grantee. Understanding the language and keywords used in the granting clause is essential for both the granter and grantee when engaging in real estate transactions in Michigan.