Michigan Deed (As to Specified Subsurface Depths) refers to a specific type of deed that grants ownership rights to specified subsurface depths of a property located in the state of Michigan, United States. This type of deed is commonly used when a property owner wishes to specifically transfer ownership or usage rights to certain subsurface depths, such as oil, gas, minerals, or any other valuable natural resources located beneath the surface of the land. It ensures that the grantee has legal ownership and the right to extract or utilize the specified subsurface resources. The Michigan Deed (As to Specified Subsurface Depths) is typically used in situations where there may be potential valuable resources below the surface, and the granter wants to retain ownership of the surface while transferring the subsurface rights separately. It allows for effective and precise division of property rights, enabling separate exploitation or exploration of subsurface resources without affecting the surface rights. It is important to note that there can be various types or classifications of subsurface depths for which the Michigan Deed (As to Specified Subsurface Depths) can be used. Some common variations include: 1. Oil and Gas Deed: This form of Michigan Deed specifically grants ownership rights to oil and gas reserves beneath the property. It allows the grantee to explore, extract, and profit from these resources. 2. Mineral Deed: A Mineral Deed transfers ownership rights to valuable minerals found underground, such as coal, iron, gold, silver, or any other valuable metallic or non-metallic minerals. 3. Water Rights Deed: In certain cases, a Michigan Deed (As to Specified Subsurface Depths) can also be used to transfer water rights. It grants the grantee exclusive rights to access and use water resources located below the surface. 4. Geothermal Rights Deed: This type of subsurface deed grants ownership or usage rights to the geothermal energy resources present below the property. It allows the grantee to utilize the thermal energy for various purposes such as heating or electricity generation. Michigan Deed (As to Specified Subsurface Depths) serves as a legal document that ensures clarity and transparency in property transactions, specifically addressing subsurface rights. It helps protect the rights and interests of both the granter and the grantee, preventing any future disputes regarding subsurface resource exploitation or extraction.
Michigan Deed (As to Specified Subsurface Depths)
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Michigan is one of the more than twenty-five states that now allow the use of TOD deeds, and more states are considering adopting laws that allow them. You do not have to actually live in a state that allows TOD deeds to be able to use one, but the property must be located in such a state.
Minimum lot sizes shall not be less than 12,000 square feet in any subdivision unless there is connection to public water and a public sewer system.
AN ACT to regulate the division of land; to promote the public health, safety, and general welfare; to further the orderly layout and use of land; to require that the land be suitable for building sites and public improvements and that there be adequate drainage of the land; to provide for proper ingress and egress to ...
Section 108 of the Michigan Land Division Act, MCL 560.108, provides, among other requirements, that a ?division? may result in a maximum of the following number of parcels: (a) for the first 10 acres or fraction thereof in the parent parcel or parent tract, 4 parcels; (b) for each whole 10 acres in excess of the first ...
109. (1) A municipality shall approve or disapprove a proposed division within 45 days after the filing of a complete application for the proposed division with the assessor or other municipally designated official.
A statutory formula in Section 108 specifies the maximum number of splits that are permitted from a ?parent parcel? without platting. Bonus lots are permitted for shared access and preservation of open space. Minimum standards for lot size, width-to-depth ratio and relationship to access are provided by statute.
Documents executed in Michigan which convey or encumber real estate require a notary's acknowledgment. Documents must be on 8.5" x 11" or 8.5" x 14" paper and must have a 2.5" top margin for the first page, and a minimum 0.5" margin on the other three sides of all pages.
