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Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - Michigan

Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - Michigan 2025

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The document is a Warranty Deed form prepared by U.S. Legal Forms, Inc. for use in the State of Michigan. It provides instructions for completing the form, including how to unlock and fill in fields using Microsoft Word. The deed outlines the transfer of property ownership from a Grantor to a Grantee, detailing legal obligations and requirements such as filing a Property Transfer Affidavit. It includes disclaimers regarding the use of the forms and advises consulting an attorney for legal issues.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Grantor's information. This includes the name of the Limited Partnership or LLC and its state of formation.
Next, fill in the Grantee's details. Similar to the Grantor, provide the name and type of entity (individual, LLC, etc.) along with its state of formation.
Proceed to describe the property being transferred. Include specific details such as county, city, and a legal description if available.
Complete any additional sections regarding warranties and covenants provided by the Grantor.
Finally, ensure all signatures are included where indicated for both individuals and notaries. Use our platform’s tools to navigate easily between fields.

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Who benefits the most from recording a warranty deed?

Two key players are involved in a Warranty Deed the grantor and the grantee. The grantor, also known as the seller, is the individual or entity that owns the property and wishes to sell it. The grantee, or the buyer, is the individual or entity that purchases the property.

Can you sell a house with a warranty deed?

A warranty deed transfers property ownership immediately upon signing, while a will directs property distribution after death. In cases where a deed names an owner, that ownership typically prevails over a wills instructions. The will appoints estate representatives but does not override existing deeds.

Who holds the warranty deed?

A warranty deed basically says that you have the legal right to sell/transfer ownership and that there are no restrictions or liens on or other problems with the title.

Who signs a deed for an LLC?

Who can sign documents on behalf of an LLC? All members (owners) of the LLC have the authority to sign on behalf of the entity as authorized representatives by default.

Who is responsible for the warranty deed?

Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen. If a third-party filed a claim against the property, even if the seller was unaware, the seller is legally liable to remedy the issue.

Who is the grantee on a warranty deed?

The Grantee is the buyer, recipient, new owner, or lien holder. When vs. appears on legal documents, the Grantor is on the bottom, the Grantee is on the top.

Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - Michigan 2025

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