Detroit Michigan Warranty Deed for Not For-Profit Corporation to Municipality

• Category: Michigan Real Estate - Deeds - Warranty
• State: Michigan
• City: Detroit
• Control #: MI-SDEED-8-14
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantor is a non-profit corporation and the grantee is a municipality. A Detroit Michigan Warranty Deed for Not-For-Profit Corporation to Municipality is a legal document that transfers ownership of a property from a non-profit corporation to a municipal entity in the city of Detroit, Michigan. This type of deed ensures that the property being transferred is free from any liens, encumbrances, or claims, providing a warranty that guarantees the title is clear and the transfer is legitimate. The deed includes specific information about the property, such as the legal description, parcel identification number, and street address. It also identifies the non-profit corporation as the granter (the entity transferring the property) and the municipality as the grantee (the entity receiving the property). The deed may outline the consideration or payment that is being made for the transfer, which can be a monetary amount or other compensation agreed upon by both parties. There may be different types of Detroit Michigan Warranty Deed for Not-For-Profit Corporation to Municipality, such as: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee, as it guarantees that the granter has the legal right to transfer the property and will defend against any future claims. 2. Special Warranty Deed: This type of deed is similar to a general warranty deed but limits the warranty only to claims or encumbrances that occurred during the granter's ownership of the property. It does not provide protection against any issues that may have been present before the granter acquired the property. 3. Quitclaim Deed: While not typically used for such transfers, a quitclaim deed may also be an option. This type of deed conveys the granter's interest in the property without any warranties or guarantees of title. It simply transfers whatever interest the granter has, without making any claims about the property's ownership history. It's important to note that the specific type of deed used in this transaction will depend on the preferences and agreements between the non-profit corporation and the municipality. Additionally, it is always recommended seeking legal guidance to ensure the appropriate type of deed is used and the transfer is executed properly according to Michigan state laws.

A Detroit Michigan Warranty Deed for Not-For-Profit Corporation to Municipality is a legal document that transfers ownership of a property from a non-profit corporation to a municipal entity in the city of Detroit, Michigan. This type of deed ensures that the property being transferred is free from any liens, encumbrances, or claims, providing a warranty that guarantees the title is clear and the transfer is legitimate. The deed includes specific information about the property, such as the legal description, parcel identification number, and street address. It also identifies the non-profit corporation as the granter (the entity transferring the property) and the municipality as the grantee (the entity receiving the property). The deed may outline the consideration or payment that is being made for the transfer, which can be a monetary amount or other compensation agreed upon by both parties. There may be different types of Detroit Michigan Warranty Deed for Not-For-Profit Corporation to Municipality, such as: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee, as it guarantees that the granter has the legal right to transfer the property and will defend against any future claims. 2. Special Warranty Deed: This type of deed is similar to a general warranty deed but limits the warranty only to claims or encumbrances that occurred during the granter's ownership of the property. It does not provide protection against any issues that may have been present before the granter acquired the property. 3. Quitclaim Deed: While not typically used for such transfers, a quitclaim deed may also be an option. This type of deed conveys the granter's interest in the property without any warranties or guarantees of title. It simply transfers whatever interest the granter has, without making any claims about the property's ownership history. It's important to note that the specific type of deed used in this transaction will depend on the preferences and agreements between the non-profit corporation and the municipality. Additionally, it is always recommended seeking legal guidance to ensure the appropriate type of deed is used and the transfer is executed properly according to Michigan state laws.