Oakland Michigan Warranty Deed for Surface with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Oakland
• Control #: US-OG-320
• Format: Word; Rich Text

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale. Oakland Michigan Warranty Deed for Surface with Limited Warranty is a legal document that transfers the ownership of a specific surface area of land in Oakland County, Michigan. This type of warranty deed includes a limited warranty, which means that the seller guarantees they have the legal right to sell the property, but does not provide an assurance against any previous claims or encumbrances. In Oakland County, there are various types of Oakland Michigan Warranty Deed for Surface with Limited Warranty forms, including: 1. General Warranty Deed for Surface with Limited Warranty: This type of warranty deed provides the highest level of protection to the buyer, as it guarantees the seller's ownership and also protects against any potential claims or conflicts in the property's history. 2. Special Warranty Deed for Surface with Limited Warranty: This form of warranty deed ensures that the seller only guarantees their ownership rights for the specific period they owned the property, excluding any previous owners or claims dating back prior to their ownership. 3. Bargain and Sale Deed for Surface with Limited Warranty: This type of warranty deed carries a limited warranty and implies that the seller has the legal right to sell the property but does not guarantee against any encumbrances that may have arisen before their ownership. The Oakland Michigan Warranty Deed for Surface with Limited Warranty typically includes the following essential information: 1. Property Description: A detailed and accurate legal description of the property, including boundaries, lot numbers, and any additional distinguishing features. 2. Parties Involved: The names, addresses, and legal capacity of both the seller (granter) and the buyer (grantee) involved in the transaction. 3. Consideration: The amount of money or value exchanged between the parties as a consideration for the sale. 4. Granting Clause: A statement from the granter, declaring their intent to convey the property to the grantee. 5. Addendum Clause: This clause details the extent of ownership and any restrictions or limitations imposed on the property. 6. Limited Warranty Statement: A section that explicitly states the limited warranty provided by the granter, affirming their ownership rights to the surface area of the land being transferred. 7. Signatures and Notarization: Both parties must sign the document in the presence of a notary public, who verifies the authenticity of the signatures. It is crucial to consult with a qualified real estate attorney or professional when dealing with warranty deeds to ensure compliance with local laws and regulations. This information serves as a general guideline but should not be considered legal advice.

Oakland Michigan Warranty Deed for Surface with Limited Warranty is a legal document that transfers the ownership of a specific surface area of land in Oakland County, Michigan. This type of warranty deed includes a limited warranty, which means that the seller guarantees they have the legal right to sell the property, but does not provide an assurance against any previous claims or encumbrances. In Oakland County, there are various types of Oakland Michigan Warranty Deed for Surface with Limited Warranty forms, including: 1. General Warranty Deed for Surface with Limited Warranty: This type of warranty deed provides the highest level of protection to the buyer, as it guarantees the seller's ownership and also protects against any potential claims or conflicts in the property's history. 2. Special Warranty Deed for Surface with Limited Warranty: This form of warranty deed ensures that the seller only guarantees their ownership rights for the specific period they owned the property, excluding any previous owners or claims dating back prior to their ownership. 3. Bargain and Sale Deed for Surface with Limited Warranty: This type of warranty deed carries a limited warranty and implies that the seller has the legal right to sell the property but does not guarantee against any encumbrances that may have arisen before their ownership. The Oakland Michigan Warranty Deed for Surface with Limited Warranty typically includes the following essential information: 1. Property Description: A detailed and accurate legal description of the property, including boundaries, lot numbers, and any additional distinguishing features. 2. Parties Involved: The names, addresses, and legal capacity of both the seller (granter) and the buyer (grantee) involved in the transaction. 3. Consideration: The amount of money or value exchanged between the parties as a consideration for the sale. 4. Granting Clause: A statement from the granter, declaring their intent to convey the property to the grantee. 5. Addendum Clause: This clause details the extent of ownership and any restrictions or limitations imposed on the property. 6. Limited Warranty Statement: A section that explicitly states the limited warranty provided by the granter, affirming their ownership rights to the surface area of the land being transferred. 7. Signatures and Notarization: Both parties must sign the document in the presence of a notary public, who verifies the authenticity of the signatures. It is crucial to consult with a qualified real estate attorney or professional when dealing with warranty deeds to ensure compliance with local laws and regulations. This information serves as a general guideline but should not be considered legal advice.