This is a general warranty deed to joint tenants with right of survivorship.
Oakland Michigan General Warranty Deed (To Joint Tenants with Right of Survivorship) A General Warranty Deed is a legal document used to transfer ownership of real estate from one party to another in Oakland County, Michigan. When the deed is structured as "To Joint Tenants with Right of Survivorship," it means that multiple individuals are listed as joint tenants and have an equal ownership interest in the property. In the event of a joint tenant's death, the surviving tenant(s) automatically inherit the deceased tenant's share. This type of Oakland Michigan General Warranty Deed provides additional protection to the buyers (grantees) as it includes covenants or guarantees from the seller (granter). These covenants assure that the granter has legal authority to sell the property, that the property is free from any undisclosed encumbrances or defects, and that the granter will defend the grantee's ownership rights against any claim in the future. Keywords: Oakland Michigan, General Warranty Deed, Joint Tenants, Right of Survivorship, real estate, transfer of ownership, Oakland County, legal document, multiple individuals, ownership interest, death, inherit, grantees, protection, covenants, guarantees, seller, granter, encumbrances, defects, defend, claim. Other Types of Oakland Michigan General Warranty Deeds: 1. Oakland Michigan General Warranty Deed (To Tenants in Common): This type of deed is similar to the one mentioned above, but it differs in terms of ownership structure. Instead of joint tenants, the parties listed on the deed as "tenants in common" have separate and distinct ownership interests. In the event of a tenant's death, their share will pass to their heirs as outlined in their will or according to state laws. 2. Oakland Michigan Special Warranty Deed (To Joint Tenants with Right of Survivorship): While a general warranty deed provides broad assurances, a special warranty deed offers limited warranties from the granter. It only guarantees that the granter has not caused any title defects during their ownership of the property. 3. Oakland Michigan Quitclaim Deed (To Joint Tenants with Right of Survivorship): A quitclaim deed conveys any interest the granter may have in the property to the grantee. However, it does not provide any guarantees or warranties regarding the title's status or potential defects. 4. Oakland Michigan Grant Deed (To Joint Tenants with Right of Survivorship): A grant deed transfers ownership rights from the granter to the grantee, without providing extensive warranties. It guarantees that the granter holds an interest in the property and has not transferred it to anyone else. In conclusion, an Oakland Michigan General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document used for the transfer of real estate ownership in Oakland County, Michigan. It offers comprehensive guarantees and protection for the grantee and ensures that the property is free from undisclosed encumbrances or defects. Other types of deeds include Tenants in Common Deed, Special Warranty Deed, Quitclaim Deed, and Grant Deed, each with specific features and warranties.
Oakland Michigan General Warranty Deed (To Joint Tenants with Right of Survivorship) A General Warranty Deed is a legal document used to transfer ownership of real estate from one party to another in Oakland County, Michigan. When the deed is structured as "To Joint Tenants with Right of Survivorship," it means that multiple individuals are listed as joint tenants and have an equal ownership interest in the property. In the event of a joint tenant's death, the surviving tenant(s) automatically inherit the deceased tenant's share. This type of Oakland Michigan General Warranty Deed provides additional protection to the buyers (grantees) as it includes covenants or guarantees from the seller (granter). These covenants assure that the granter has legal authority to sell the property, that the property is free from any undisclosed encumbrances or defects, and that the granter will defend the grantee's ownership rights against any claim in the future. Keywords: Oakland Michigan, General Warranty Deed, Joint Tenants, Right of Survivorship, real estate, transfer of ownership, Oakland County, legal document, multiple individuals, ownership interest, death, inherit, grantees, protection, covenants, guarantees, seller, granter, encumbrances, defects, defend, claim. Other Types of Oakland Michigan General Warranty Deeds: 1. Oakland Michigan General Warranty Deed (To Tenants in Common): This type of deed is similar to the one mentioned above, but it differs in terms of ownership structure. Instead of joint tenants, the parties listed on the deed as "tenants in common" have separate and distinct ownership interests. In the event of a tenant's death, their share will pass to their heirs as outlined in their will or according to state laws. 2. Oakland Michigan Special Warranty Deed (To Joint Tenants with Right of Survivorship): While a general warranty deed provides broad assurances, a special warranty deed offers limited warranties from the granter. It only guarantees that the granter has not caused any title defects during their ownership of the property. 3. Oakland Michigan Quitclaim Deed (To Joint Tenants with Right of Survivorship): A quitclaim deed conveys any interest the granter may have in the property to the grantee. However, it does not provide any guarantees or warranties regarding the title's status or potential defects. 4. Oakland Michigan Grant Deed (To Joint Tenants with Right of Survivorship): A grant deed transfers ownership rights from the granter to the grantee, without providing extensive warranties. It guarantees that the granter holds an interest in the property and has not transferred it to anyone else. In conclusion, an Oakland Michigan General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document used for the transfer of real estate ownership in Oakland County, Michigan. It offers comprehensive guarantees and protection for the grantee and ensures that the property is free from undisclosed encumbrances or defects. Other types of deeds include Tenants in Common Deed, Special Warranty Deed, Quitclaim Deed, and Grant Deed, each with specific features and warranties.