Partition Agreement With Waiver Of Rights In Michigan

• Category: Civil Actions - Partitions
• State: Multi-State
• Control #: US-00410
• Format: Word; Rich Text

Description

The Partition Agreement with Waiver of Rights in Michigan is a legal document utilized by co-owners of real property to voluntarily divide and allocate ownership of a shared property. This agreement details the specific tracts each co-owner will receive, as identified in accompanying exhibits. It asserts that all co-owners have no knowledge of any other parties having interest in the property unless otherwise specified. The form includes provisions for executing quitclaim deeds, which transfer ownership without warranty, ensuring clarity in the division process. After the agreement's execution, the property is regarded as separately owned, with co-owners relinquishing any claims to each other's portions. It requires notarization for verification, reinforcing its legal standing. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a structured approach for managing shared property interests. It simplifies the partitioning process, promoting efficient resolutions in property disputes or ownership transitions.