Ann Arbor Michigan Warranty Deed from Husband and Wife to Corporation

• Category: Michigan Real Estate - Deeds - Warranty
• State: Michigan
• City: Ann Arbor
• Control #: MI-08-78
• Format: Word; Rich Text

Description

This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. Ann Arbor, Michigan Warranty Deed from Husband and Wife to Corporation is a legal document that transfers the ownership of real property from a married couple to a corporation. This type of deed provides a guarantee, or warranty, that the property is free from any liens, encumbrances, or claims against it. It ensures that the corporation acquiring the property will have clear and marketable title. In Ann Arbor, Michigan, there are two main types of Warranty Deeds that may be used when transferring property from a husband and wife to a corporation: 1. General Warranty Deed: This type of deed offers the highest level of protection to the corporation receiving the property. It guarantees that the sellers, the husband and wife, will defend the title against any claims that may arise from previous owners or themselves. The sellers are responsible for compensating the corporation if any future issues arise with the property's title. 2. Limited Warranty Deed: This type of deed limits the sellers' liability to only claims that may arise during their ownership of the property. It provides a warranty that the sellers have not encumbered the property, but it does not cover any claims that may have existed prior to their ownership. The limited warranty deed is less comprehensive than the general warranty deed, offering a lower level of protection for the corporation. When drafting an Ann Arbor, Michigan Warranty Deed from Husband and Wife to Corporation, it is essential to include the following information: 1. Names and addresses of the husband and wife as granters (sellers). 2. Name and address of the corporation as the grantee (buyer). 3. Accurate and detailed legal description of the property being transferred, including its physical address. 4. Statement of the consideration (exchange value) for the property. 5. The granter's marital status and confirmation that they are conveying their interests in the property as husband and wife. 6. Signatures of both husband and wife, along with notarization. 7. Proper recording information, including the county where the property is located. Executing a Warranty Deed with the correct legal language and adhering to the specific requirements of Ann Arbor, Michigan is crucial to ensure its validity and enforceability. As always, it is advisable to consult with an experienced real estate attorney to ensure compliance with all applicable laws and regulations.

Ann Arbor, Michigan Warranty Deed from Husband and Wife to Corporation is a legal document that transfers the ownership of real property from a married couple to a corporation. This type of deed provides a guarantee, or warranty, that the property is free from any liens, encumbrances, or claims against it. It ensures that the corporation acquiring the property will have clear and marketable title. In Ann Arbor, Michigan, there are two main types of Warranty Deeds that may be used when transferring property from a husband and wife to a corporation: 1. General Warranty Deed: This type of deed offers the highest level of protection to the corporation receiving the property. It guarantees that the sellers, the husband and wife, will defend the title against any claims that may arise from previous owners or themselves. The sellers are responsible for compensating the corporation if any future issues arise with the property's title. 2. Limited Warranty Deed: This type of deed limits the sellers' liability to only claims that may arise during their ownership of the property. It provides a warranty that the sellers have not encumbered the property, but it does not cover any claims that may have existed prior to their ownership. The limited warranty deed is less comprehensive than the general warranty deed, offering a lower level of protection for the corporation. When drafting an Ann Arbor, Michigan Warranty Deed from Husband and Wife to Corporation, it is essential to include the following information: 1. Names and addresses of the husband and wife as granters (sellers). 2. Name and address of the corporation as the grantee (buyer). 3. Accurate and detailed legal description of the property being transferred, including its physical address. 4. Statement of the consideration (exchange value) for the property. 5. The granter's marital status and confirmation that they are conveying their interests in the property as husband and wife. 6. Signatures of both husband and wife, along with notarization. 7. Proper recording information, including the county where the property is located. Executing a Warranty Deed with the correct legal language and adhering to the specific requirements of Ann Arbor, Michigan is crucial to ensure its validity and enforceability. As always, it is advisable to consult with an experienced real estate attorney to ensure compliance with all applicable laws and regulations.