This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
Michigan Warranty Deed from Individual to Individual
Category:
State:
Michigan
Control #:
MI-02-78
Format:
Word;
Rich Text
Instant download
Description
Definition and meaning
A Michigan Warranty Deed from Individual to Individual is a legal document that transfers ownership of real property from one individual to another. This deed guarantees that the grantor has clear title to the property being transferred and provides a warranty to the grantee, ensuring that the property is free from any claims or liens. The warranty deed serves as a vital instrument in real estate transactions, offering protection to the buyer by ensuring that they receive proper title and ownership rights.
How to complete a form
Completing a Michigan Warranty Deed requires careful attention to detail. Here are steps to guide you:
- Identify the Parties: Clearly state the names and personal details of both the grantor (seller) and grantee (buyer). Specify marital status if necessary.
- Property Description: Provide a comprehensive description of the property being transferred. Attach a legal description if necessary.
- Consideration Amount: Indicate the sale price or state if the transfer is exempt from taxation.
- Easements and Restrictions: Acknowledge any existing easements or restrictions affecting the property.
- Signatures and Notarization: The grantor must sign the deed in the presence of a notary public.
Who should use this form
This form is intended for individuals who wish to transfer real property ownership to another individual in Michigan. It is suitable for private transactions, including family gifts, property sales, or any agreements between individuals. Users should ensure they have a clear understanding of the property's title prior to using this form, as any contingencies or existing claims could affect the transaction.
Legal use and context
The Michigan Warranty Deed is recognized under state law as a standard method of property conveyance. Its use provides legal assurances about the property’s title, offering protection to the grantee. When properly executed and recorded, the warranty deed becomes part of the public records, reinforcing the legal ownership of the property.
State-specific requirements
In Michigan, several key requirements must be followed when executing a Warranty Deed:
- The document must be signed by the grantor in the presence of a notary public.
- It must include the property’s legal description, which may require an attachment as an exhibit.
- Recording the deed in the county Register of Deeds where the property is situated is essential for the transfer to be effective.
Benefits of using this form online
Using an online platform to obtain a Michigan Warranty Deed can offer several advantages:
- Convenience: Access and complete the form from anywhere, anytime.
- Accuracy: Online forms are often checked for compliance with state laws, reducing the chance for errors.
- Time-saving: Instant access to templates allows quicker completion and submission.
Common mistakes to avoid when using this form
Avoiding errors can help ensure the validity of the warranty deed:
- Ensure all parties' names are spelled correctly and their current addresses are included.
- Provide a correct and complete legal description of the property.
- Double-check that the deed is signed and notarized before recording.
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FAQ
A Michigan lady bird deed form allows a person to retain control over Michigan real estate during his or her life and automatically transfer the real estate at his or her death. The property transfer occurs automatically at the prior owner's death, avoiding probate.
You should get your deed when you first purchase the property. If you do not have your deed, then you can get a certified copy of it at the Register of Deeds office; and a certified copy is just as good as the original.
Michigan does not 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.
The Michigan covenant deed form provides a limited warranty of title. With a covenant deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.