This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants 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 warranty deed is a legal document commonly used in real estate transactions to transfer ownership of a property from one individual to another in Oakland, Michigan. This type of deed provides certain guarantees and protections for the buyer, known as covenants, from the seller or granter. The Oakland Michigan Warranty Deed from Individual to Individual is a legally binding document that ensures the seller has the legal right to sell the property and guarantees the property is free from any liens or encumbrances, unless specifically disclosed. This deed includes various important components and covenants, which may differ based on the specific type of warranty deed chosen for the transaction. There are different types of warranty deeds that can be used in Oakland, Michigan. Some of the most common types include: 1. General Warranty Deed: This type of warranty deed provides the broadest level of protection for the buyer. It warrants that the seller has the full legal right to sell the property, guarantees the property's title against any past or future claims, and ensures the property is free from any undisclosed liens or encumbrances. 2. Special Warranty Deed: This warranty deed offers similar protections as the general warranty deed, but with certain limitations. The seller only guarantees that they have not caused any title issues during their ownership of the property, but does not warrant against any pre-existing claims or encumbrances. 3. Quitclaim Deed: While not technically a warranty deed, it is commonly used in real estate transactions. The quitclaim deed transfers the seller's interest in the property to the buyer without any warranties or guarantees. It simply conveys whatever interest the seller may have, if any, without guaranteeing the property's title or condition. In each of these Oakland Michigan Warranty Deeds from Individual to Individual, it is crucial to have a clear legal description of the property being transferred, including the property's boundaries, lot number, and any relevant reference to plats or surveys. The warranty deed should also include the names and contact information of both parties involved, the purchase price or consideration, and any additional terms or conditions agreed upon. When dealing with Oakland, Michigan real estate transactions, it is highly recommended consulting a qualified real estate attorney or title company for guidance on selecting the most appropriate warranty deed and ensuring a smooth transfer of ownership.
