Deed Of Donation Without Land Title In Michigan

State:
Multi-State
Control #:
US-00207
Format:
Word; 
Rich Text
Instant download

Description

This Agreement for Donation of Land to City is an Agreement to donate land to the city with a reverter clause. Tthe Owners have offered to donate the specified land, subject to certain conditions as identified in the Agreement and the City will agree to those terms. The Owners will also have a right of first refusal to match the price and terms of any proposed sale of any of the property donated to the City. This Agreement can be used in any state.
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FAQ

One is a document, while the other is a legal concept. When someone owns a property outright, they have both legal title and a deed. However, there are circumstances where you can have one without the other.

Michigan doesn't allow real estate to be transferred with transfer-on-death deeds. There is a type of deed available in Michigan known as an enhanced life estate deed, or "Lady Bird" deed, that functions like a transfer-on-death deed. This type of deed isn't common. For more information, see Lady Bird Deeds.

A quitclaim deed can be used to avoid probate by transferring interest in real property before someone's death. This prevents the property from going through probate court because ownership is transferred by deed during the grantor's life, rather than begin transferred by a Will after their death.

The title to a house is a legal concept that establishes your ownership of the property and gives you certain rights to it. The deed is a legal document that transfers ownership of a property from a seller to a buyer.

The Deed of Sale has stronger legal weight because it is a contract of onerous disposition (involves payment). Donations, being gratuitous, are generally subordinate to valid sales.

Transfer-on-Death Deeds for Real Estate Michigan doesn't allow real estate to be transferred with transfer-on-death deeds. There is a type of deed available in Michigan known as an enhanced life estate deed, or "Lady Bird" deed, that functions like a transfer-on-death deed. This type of deed isn't common.

How to fill out a quitclaim deed in Michigan Locate your county's form. Michigan uses Quit Claim Deed Form 863, which is different in each county. Gather the required information. Fill out the quitclaim deed. Sign and date your deed.

A Michigan deed successfully transfers real estate only if the deed is correctly formatted, contains all required information, and is signed, notarized, and recorded in compliance with Michigan law. The legal requirements for Michigan deeds are described below.

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Deed Of Donation Without Land Title In Michigan