This form is a Grant Deed where the Grantor is an individual and the Grantee are two individuals. Grantor conveys and grants the described property to the Grantees with stated warranties. The Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.
Ann Arbor Michigan Grant Deed is a legally binding document that transfers ownership of real estate from a Granter to two Grantees. This type of deed provides a secure and efficient way to convey property rights in Ann Arbor, Michigan. A Grant Deed ensures that the Granter, the individual or entity transferring the property, holds the legal right to do so. Additionally, it guarantees that the Granter guarantees the title against all claims, except those mentioned in the deed itself. In Ann Arbor, Michigan, there are two main types of Grant Deeds that involve two Grantees: 1. General Warranty Grant Deed: This type of Grant Deed offers the highest level of protection to the Grantees. With a General Warranty Grant Deed, the Granter guarantees that they have clear title to the property and will defend the title against any potential claims that may arise. This ensures that the Grantees receive the property without any unforeseen issues. 2. Limited Warranty Grant Deed: Unlike the General Warranty Grant Deed, a Limited Warranty Grant Deed only provides limited protection to the Grantees. The Granter guarantees that they have not done anything to impair the title during their ownership; however, they do not extend the warranty to any previous owners. This means that if a claim arises from a previous owner's action, the Granter will not be held responsible. When transferring a property through a Grant Deed, it is crucial to include relevant information, such as the legal description of the property, the names of the Granter and Grantees, their addresses, and the consideration or payment involved. Furthermore, specific keywords relevant to Ann Arbor, Michigan, that may be associated with Grant Deeds include: property transfer, real estate ownership, conveyance of rights, warranty deed, title protection, legal document, transfer of ownership, Ann Arbor property law, property description, Granter, Grantees, and clear title. Overall, an Ann Arbor Michigan Grant Deed is a legally binding instrument that allows the seamless transfer of property ownership between a Granter and two Grantees. The different types of Grant Deeds, such as the General Warranty Grant Deed and the Limited Warranty Grant Deed, offer varying levels of protection to the Grantees, ensuring a smooth and secure transaction.
