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Click ‘Get Form’ to open it in the editor.
Begin by entering the 'Street Address of Property' in the designated field. Ensure accuracy for proper assessment.
Fill in the 'County' and 'City/Township/Village of Real Estate' fields to specify the location of the property.
Input the 'Date of Transfer' or when the land contract was signed, ensuring it falls within the required timeframe.
Enter the 'Property Identification Number (PIN)', which can be found on your property tax bill. If unavailable, attach a legal description.
Complete sections for 'Seller's Name', 'Buyer's Name and Mailing Address', and 'Purchase Price of Real Estate'.
Optional fields include details about the type of transfer and financing. Completing these may reduce follow-up correspondence.
Finally, certify that all information is true by signing and dating at the bottom of the form before submission.

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Who fills out a property transfer affidavit in Michigan?

The completed Affidavit must be filed by the new owner with the assessor for the city or township where the property is located within 45 days of the transfer. The information on this form is NOT CONFIDENTIAL.

What is the penalty for property transfer affidavit in Michigan?

State law requires the filing of property transfer affidavits within 45 days following the sale. Penalties for residential sales are $5 per day up to a maximum of penalty of $200. For industrial or commercial real property with a sales price of $100 million or less, the penalty is $20 per day up to a maximum of $1,000.

How to fill out an owners affidavit?

These affidavits are to be submitted within 45 days of the transaction to avoid a statutory late filing penalty of $5 per day ($200 maximum penalty) for residential property or $20 per day ($1,000 maximum penalty) for non-residential property.

Who signs a property transfer affidavit?

How to Write an Affidavit of Ownership: Step-by-Step Guide Step 1: Identify Yourself. The affidavit begins with a statement identifying you as the affiant (the person making the affidavit). Step 2: Declare Your Ownership. Step 3: Make the Affirmation. Step 4: Signature and Notary.

How to file a property transfer affidavit in Michigan?

General Property Transfer Affidavit Both parties must sign the affidavit, including all necessary information about the propertys location, value, and any outstanding debts or liens.

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