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Warranty Deed from two Individuals to LLC - Michigan 2026

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The document is a Warranty Deed in which two individuals (Grantors) convey property to a Limited Liability Company (Grantee) in Michigan. It includes details about the property, legal descriptions, and conditions of the sale, such as easements and mineral rights. The Grantors warrant that they hold clear title to the property and have the right to sell it, while also granting rights for land division under specific laws.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the names of the two individuals acting as Grantors in the designated fields. Ensure that their addresses are accurately filled out.
Next, input the name of the LLC as Grantee along with its address. This identifies who will receive the property.
In the legal description section, attach Exhibit A which details the property being conveyed. Make sure this is clear and precise.
Specify the sale amount or indicate if it is exempt under applicable laws. This is crucial for legal clarity.
Complete any additional sections regarding easements or restrictions that may apply to the property.
Both Grantors must sign and date the document, ensuring their names are printed clearly beneath their signatures.
Finally, have a notary public acknowledge both signatures to validate the deed legally.

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Why do people put their property in an LLC?

The main purpose of an LLC is to limit the owners personal liabilities for (and protect personal assets like your home from) the LLCs business, and most real estate investors will hold each property in a separate LLC so that any liability that arises on one property will not affect any other property.

How to transfer personal assets to LLC?

Document the transfer of personal assets to the LLC by preparing a deed or bill of sale for each asset. These documents should specify the asset being transferred, its fair market value, and the consideration (if any) given to the transferor.

Can two people be on a warranty deed?

Entire (100%) by Seller If there are more than one grantee (besides husband and wife), this is considered tenancy in common. Each party owns an equal interest unless otherwise stated. A tenants in common interest can be sold or devised in a Will.

Does a warranty deed prove ownership in Michigan?

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection.

How do I transfer a deed from an individual to an LLC?

How to Transfer Your Real Property to an LLC Step 1: Contact Your Lender; Contact Your Title Insurance Company; Contact Your Homeowners Insurance Company. Step 2: Create an LLC and Maintain Corporate Formalities. Step 3: Open a Bank Account in the Name of the LLC. Step 4: Fill Out and Record Deed. Step 5: Change the Lease.

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What are the disadvantages of an LLC for property?

However, while separating personal and business liabilities is appealing, there are factors to consider. Disadvantages of LLCs for Rental Property Ownership. Disadvantages of LLCs for Rental Property. Cost and Complexity. Financing and Loan Limitations. Administrative and Compliance Burdens. Lack of Personal Tax Benefits.

Do I need a lawyer to transfer a deed?

A deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.

How to transfer deed of house to LLC?

Follow these steps to transfer property to LLC business structures. Make sure your LLC is registered. Review the property title and LLC operating agreement. Draft a deed of transfer. Notarize and file the deed. Notify your mortgage company. Update tax records. Transfer utilities and insurance. Plan for tax complications.

Warranty Deed from two Individuals to LLC - Michigan 2026

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Why do people put their property in an LLC?

How to transfer personal assets to LLC?

Can two people be on a warranty deed?

Does a warranty deed prove ownership in Michigan?

How do I transfer a deed from an individual to an LLC?

Complete this form in 5 minutes or less

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What are the disadvantages of an LLC for property?

Do I need a lawyer to transfer a deed?

How to transfer deed of house to LLC?

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