This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors conveys and warrants the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Detroit Michigan Warranty Deed is a legally binding document that transfers ownership of a property from a corporation to two individuals. This type of deed includes a warranty or guarantee from the corporation that they have legal ownership of the property and have the right to sell it. The warranty deed is typically used in real estate transactions to provide buyers with assurance that the property they are purchasing is free from any liens, claims, or encumbrances. It ensures that the corporation will defend the buyers against any future claims on the property. There can be different variations of Detroit Michigan Warranty Deeds from Corporation to Two Individuals, such as: 1. General Warranty Deed: This is the most common type of warranty deed and provides the highest level of protection to the buyers. It guarantees that the corporation is the legal owner of the property and has clear title to sell it. It also ensures that the property is free from any undisclosed encumbrances, meaning there are no hidden legal or financial claims on the property. 2. Special Warranty Deed: This type of warranty deed is similar to the general warranty deed but provides a more limited guarantee. The corporation only warrants against any claims or encumbrances that may have occurred during its ownership of the property. It does not cover any potential issues that may have existed prior to the corporation's ownership. 3. Quitclaim Deed: Although not technically a warranty deed, a quitclaim deed is commonly used in Michigan. This type of deed transfers any interest the corporation has in the property to the two individuals. However, it provides no guarantees or warranties about the property's ownership or condition. It simply transfers the corporation's interest, if any, to the individuals. When completing a Detroit Michigan Warranty Deed from Corporation to Two Individuals, it should include the legal names and addresses of the corporation and the individuals, a clear description of the property being transferred, the purchase price or consideration, and any applicable legal language required by the state of Michigan. This document should be notarized and recorded at the county clerk's office to make it legally binding and publicly visible.A Detroit Michigan Warranty Deed is a legally binding document that transfers ownership of a property from a corporation to two individuals. This type of deed includes a warranty or guarantee from the corporation that they have legal ownership of the property and have the right to sell it. The warranty deed is typically used in real estate transactions to provide buyers with assurance that the property they are purchasing is free from any liens, claims, or encumbrances. It ensures that the corporation will defend the buyers against any future claims on the property. There can be different variations of Detroit Michigan Warranty Deeds from Corporation to Two Individuals, such as: 1. General Warranty Deed: This is the most common type of warranty deed and provides the highest level of protection to the buyers. It guarantees that the corporation is the legal owner of the property and has clear title to sell it. It also ensures that the property is free from any undisclosed encumbrances, meaning there are no hidden legal or financial claims on the property. 2. Special Warranty Deed: This type of warranty deed is similar to the general warranty deed but provides a more limited guarantee. The corporation only warrants against any claims or encumbrances that may have occurred during its ownership of the property. It does not cover any potential issues that may have existed prior to the corporation's ownership. 3. Quitclaim Deed: Although not technically a warranty deed, a quitclaim deed is commonly used in Michigan. This type of deed transfers any interest the corporation has in the property to the two individuals. However, it provides no guarantees or warranties about the property's ownership or condition. It simply transfers the corporation's interest, if any, to the individuals. When completing a Detroit Michigan Warranty Deed from Corporation to Two Individuals, it should include the legal names and addresses of the corporation and the individuals, a clear description of the property being transferred, the purchase price or consideration, and any applicable legal language required by the state of Michigan. This document should be notarized and recorded at the county clerk's office to make it legally binding and publicly visible.
