Michigan Warranty Deed from two Individuals to Corporation
What is this form?
The Warranty Deed from two Individuals to Corporation is a legal document used to transfer property ownership from two individuals (the Grantors) to a corporation (the Grantee). This form ensures that the Grantors convey the property rights while reserving any oil, gas, or mineral rights that may exist beneath the property. Unlike other types of deeds, this warranty deed provides specific assurances about the title, making it a reliable option for property transactions.
Form components explained
- Identification of the Grantors (two individuals) and Grantee (a corporation).
- Detailed description of the property being transferred, including legal references.
- Explicit reservation of oil, gas, and mineral rights, if applicable.
- Declaration of freedom from encumbrances, or listing any exceptions.
- Notary acknowledgment to validate the transfer.
Situations where this form applies
This form is necessary when two individuals wish to transfer ownership of real estate to a corporation. Situations may include selling a family property to a corporation for business use or transferring property in a corporate restructuring. It is important to use this form when clear legal title and warranties are required for the transfer.
Intended users of this form
- Individuals who jointly own real estate and want to transfer ownership to a corporation.
- Business owners looking to formalize property transfers for their corporations.
- Real estate professionals involved in the transaction process of property ownership changes.
How to complete this form
- Identify the Grantors by entering their full legal names and addresses.
- Specify the Granteeâs full legal name as the corporation, including its state of incorporation.
- Provide a detailed description of the property being transferred, referencing the legal description as necessary.
- Indicate if any oil, gas, or mineral rights are being reserved and list any encumbrances.
- Have the form signed in the presence of a notary public to validate the execution.
Does this form need to be notarized?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to accurately describe the property legally.
- Not including all necessary parties in the Grantee section.
- Skipping the notary public signature, which is essential for validation.
Benefits of completing this form online
- Convenience of accessing and downloading the form at any time.
- Editability allows users to customize the form to their specific needs.
- Reliability of using templates crafted by licensed attorneys ensures legal compliance.
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FAQ
Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.
To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
Find the most recent deed to the property. Create the new deed. Sign and notarize the deed. File the deed in the county land records.
If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
To add your spouse to your property deed: Have your lawyer do a Michigan Quit Claim Deed for you and then record it with your County's Register of Deeds. If you croak before you get it recorded, your property goes into probate, instead of to your spouse.
In Michigan, a quit claim deed must be signed by a witness, in addition to the notary, to make it legal.After all required signatures are collected and notarized, file the document with your local register of deeds to complete the transaction.
The Tax ID No of both buyer and seller. Notarized Deed of Absolute Sale (DAS)-1 Original copy + 2 photocopies. If you are transferring a house or lot Transfer Certificate of Title (TCT)-duplicate copy.
If you live in a common-law state, you can keep your spouse's name off the title the document that says who owns the property.You can put your spouse on the title without putting them on the mortgage; this would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.
