This Quitclaim Deed from Individual to Individual form is a Quitclaim Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and quitclaims the described property to Grantee 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 Lansing Michigan Quitclaim Deed from Individual to Individual is a legal document used to transfer property ownership from one individual to another in the city of Lansing, located in the state of Michigan. This type of deed is commonly utilized when the transfer is between family members, friends, or acquaintances who have a pre-existing relationship. It is important to note that a quitclaim deed only transfers the ownership interest that the granter (the person transferring the property) may have in the property, without making any guarantees about the title's validity. The Lansing Michigan Quitclaim Deed from Individual to Individual includes essential information such as the names and addresses of both the granter (seller) and the grantee (buyer), along with a detailed legal description of the property being transferred. This legal description typically includes the full street address, lot number, subdivision name, and any other relevant details to accurately identify the property. There are different variations of Lansing Michigan Quitclaim Deeds from Individual to Individual that can be further categorized: 1. Individual to Individual Quitclaim Deed with Consideration: This type of deed includes a monetary exchange between the granter and the grantee. The consideration amount serves as the payment made by the buyer in exchange for the property. 2. Individual to Individual Quitclaim Deed without Consideration: In this case, there is no monetary exchange involved. The transfer is typically executed as a gift, inheritance, or for other non-financial reasons. 3. Joint Tenancy Quitclaim Deed: This type of deed is used when multiple individuals hold ownership rights to the property, and they wish to relinquish their interest in favor of another individual. The new grantee then becomes a joint tenant with the remaining co-owners. 4. Tenancy in Common Quitclaim Deed: This form of deed is utilized when multiple individuals hold separate and distinct ownership interests in a property. Tenants in common may have different percentages of ownership and have the right to transfer or sell their individual interest independent of the other co-owners. It's crucial to consult with a legal professional or a real estate attorney while preparing or executing a Lansing Michigan Quitclaim Deed from Individual to ensure compliance with state laws and to address any specific considerations related to the transfer.
