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Warranty Deed from two Individuals to Corporation - Michigan

Warranty Deed from two Individuals to Corporation - Michigan 2025

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The document is a Warranty Deed in which two individuals (Grantors) convey property to a corporation (Grantee) in Michigan. It includes details about the property, legal descriptions, and conditions of the sale, such as the reservation of oil, gas, and minerals by the Grantors. The Grantors warrant that they hold clear title to the property and have the right to sell it. The deed also mentions potential agricultural activities nearby and includes sections for signatures and notary acknowledgment.

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Click ‘Get Form’ to open it in the editor.
In the first section, enter the names of the two individuals acting as Grantors. Ensure their addresses are accurately filled in for proper identification.
Next, specify the name of the Corporation receiving the property (Grantee) and its address. This is crucial for legal clarity.
Provide a detailed legal description of the property being conveyed. If you have an attachment (Exhibit A), ensure it is included and referenced correctly.
Indicate the sale amount or state if it is exempt under applicable laws. Fill in any prior instrument references if available.
Both Grantors must sign and print their names at the designated areas, ensuring that all signatures are dated appropriately.
Complete the notary section by having a notary public acknowledge both Grantors' signatures, including their commission expiration date.
Finally, fill in Grantee's contact information and indicate where tax statements should be sent.

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What are the disadvantages of a warranty deed?

Disadvantages of Warranty Deeds Title companies will research the chain of deeds, past court judgments, and unpaid taxes before green-lighting the transfer. The grantor also remains on the hook long after the sale. If a forgotten lien surfaces, the buyer can pull the grantor into court for damages and legal fees.

What is a disadvantage of joint tenancy ownership?

If a co-owner has outstanding debts, their creditors could seize an interest in your home or bank account. Relationship Issues. Holding an asset jointly can complicate a divorce or other relationship problems. If you have a jointly held bank account, your co-owner could withdraw all of the money without your consent.

What is a joint warranty deed?

Joint tenancy warranty deed If they decide to rent out the home to another individual or if they sell the property, each party is entitled to a 50% share in the profits. But the relationship also means they are equally responsible for paying for the property, including mortgage payments, property taxes and maintenance.

What happens to a jointly owned property if one owner dies in Michigan?

Joint Tenants (Real and Personal Property) If the phrase Full Rights To Survivor appears on account documents or vehicle title, the ownership right becomes a survivorship right when one of the joint tenants dies. This means the surviving joint tenant takes full ownership.

What is the best deed for a married couple?

Joint tenancy with right of survivorship (JTWROS) This is often considered the best title vesting for most married couples, but it also applies to family members planning to own a property together.

Who benefits the most from a warranty deed?

Who Benefits the Most from Recording 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.

What makes a warranty deed invalid?

Can a warranty deed be challenged or invalidated? While a warranty deed provides strong protection, it is not immune to challenges. In certain situations, the grantors guarantee may be bdocHubed, such as if there is fraud, misrepresentation, or undisclosed title defects.

Warranty Deed from two Individuals to Corporation - Michigan 2025

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