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Warranty Deed for Not For-Profit Corporation to Municipality - Michigan

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The document is a Warranty Deed prepared by U.S. Legal Forms, Inc. for the State of Michigan, specifically designed for a not-for-profit corporation transferring property to a municipality. It includes instructions for completing the form, filing requirements, and a disclaimer regarding the legal use of the forms provided. The deed outlines the terms of the property transfer, including acknowledgment of receipt and conditions related to taxes and easements.

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Is a warranty deed the same as a deed in Michigan?

The Michigan warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.

Is a warranty deed the same as a deed in Michigan?

What is a warranty deed in Michigan?

Warranty Deeds With a warranty deed, the grantor (seller) warrants that they have good title to the property and that they have a right to sell the property to the grantee (buyer). Good title means that there are no liens, conditions, or restrictions on the property.

Who benefits the most from a warranty deed?

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.

How much does a warranty deed cost in Michigan?

The fee is $5.00 per deed, up to 25 parcels, and . 20 cents per additional parcel over 25.

What is a warranty deed?

by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

What type of deed provides the greatest protection to the grantee?

A general warranty deed is the most common type of warranty deed in the United States. It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home even dating back to prior property owners.

Does a deed have to be recorded to be valid in Michigan?

The deed does not need to be recorded in the office of the County Recorder of Deeds in order to be valid between the grantor and the grantee. However, it is still very important to record the deed. Recording the deed establishes priority and the sequence of ownership.

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