This form is a Quitclaim Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and quitclaims the described property to Grantees. Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A Lansing Michigan Quitclaim Deed from Individual Granter to Two Individual Grantees is a legal document that transfers the ownership of real property from an individual seller (granter) to two separate buyers (grantees) using a quitclaim deed format. This type of deed serves as evidence of the seller's intention to release any claims or interests they may have in the property, without offering any warranties or guarantees of a clear title. In Lansing, Michigan, there are several variations of a Quitclaim Deed from Individual Granter to Two Individual Grantees, each suited for different scenarios. Some common types include: 1. Joint Tenancy Quitclaim Deed: This deed is used when the two individual grantees wish to hold equal shares of the property. It creates a joint tenancy, where both grantees have an undivided and equal interest in the property. The right of survivorship applies, meaning if one grantee passes away, their share automatically transfers to the surviving grantee. 2. Tenancy in Common Quitclaim Deed: This type of deed is used when the two individual grantees want to hold unequal shares of the property. Unlike joint tenancy, there is no right of survivorship. Each grantee owns a specific percentage or portion of the property, and their shares can be inherited or transferred independently. 3. Quitclaim Deed with Reserved Rights: In some cases, the individual granter may wish to transfer the property to two individual grantees but retain certain rights or interests, such as the right to live in the property for a specific period or receive rental income. This type of deed outlines the granter's reserved rights and the rights of the grantees, ensuring clarity and legal protection for all parties involved. When preparing and executing a Lansing Michigan Quitclaim Deed from Individual Granter to Two Individual Grantees, it is crucial to consult with a knowledgeable real estate attorney or title company to ensure the process adheres to the state and local laws. Additionally, it is recommended to conduct a thorough title search to uncover any potential issues or encumbrances on the property before transferring ownership.A Lansing Michigan Quitclaim Deed from Individual Granter to Two Individual Grantees is a legal document that transfers the ownership of real property from an individual seller (granter) to two separate buyers (grantees) using a quitclaim deed format. This type of deed serves as evidence of the seller's intention to release any claims or interests they may have in the property, without offering any warranties or guarantees of a clear title. In Lansing, Michigan, there are several variations of a Quitclaim Deed from Individual Granter to Two Individual Grantees, each suited for different scenarios. Some common types include: 1. Joint Tenancy Quitclaim Deed: This deed is used when the two individual grantees wish to hold equal shares of the property. It creates a joint tenancy, where both grantees have an undivided and equal interest in the property. The right of survivorship applies, meaning if one grantee passes away, their share automatically transfers to the surviving grantee. 2. Tenancy in Common Quitclaim Deed: This type of deed is used when the two individual grantees want to hold unequal shares of the property. Unlike joint tenancy, there is no right of survivorship. Each grantee owns a specific percentage or portion of the property, and their shares can be inherited or transferred independently. 3. Quitclaim Deed with Reserved Rights: In some cases, the individual granter may wish to transfer the property to two individual grantees but retain certain rights or interests, such as the right to live in the property for a specific period or receive rental income. This type of deed outlines the granter's reserved rights and the rights of the grantees, ensuring clarity and legal protection for all parties involved. When preparing and executing a Lansing Michigan Quitclaim Deed from Individual Granter to Two Individual Grantees, it is crucial to consult with a knowledgeable real estate attorney or title company to ensure the process adheres to the state and local laws. Additionally, it is recommended to conduct a thorough title search to uncover any potential issues or encumbrances on the property before transferring ownership.
