Quitclaim deed form in Michigan is a necessary form for those who want to give rights for the property to another party. Furthermore, this type of rights transfer does not require previous owners to provide a title for ownership. It means that the new owner will not have an opportunity to accuse the previous one if something is wrong with the warranty of the title.
As this way of ownership transfer is risky for both parties grantor (previous proprietor) and the grantee (new proprietor), it is common to apply only in several cases. The most common one is a deal between family members or refusal of the property by one of the owners.
You can create a personalized Michigan Quitclaim Deed Form using a specialized document builder that will get you through the process step by step:
You can also download a free Michigan Quitclaim Deed Form template as a PDF file to fill and print it out yourself:
There are more conditions when people do not want to take responsibility for warranty of title, for example, when the transfer is made to:
- Own business entity;
- Ex-spouses;
- People who will share ownership with the current proprietor.
A Quitclaim deed is a preferable way to transfer the property in the cases described above because this procedure requires less paperwork and time. Moreover, you can avoid extra expenditures using this approach as you do not need to hire a lawyer and realtor. The process of ownership transfer through quitclaim deed is easy to perform without the additional help of specialists.
On the other hand, the quitclaim deed does not provide any guarantees neither to the grantor nor grantee. That is why it is effective to apply only in the cases when both parties trust each other, and usually, they are family members.
Quitclaim Deed Laws and Requirements in Michigan
Laws in Michigan regulate the wording used in the quitclaim deed form and the process of signing. Thus, statute §565.152 establishes special wording for the declaration of quitclaims to the previous owner of the property and requires them to fill in the price of the property. As regards the signing of the quitclaim deed form, it is legally binding only if the notary public presents the signing procedure and confirms it in the form. This statement is regulated by statute §565.201.
There are no other strict requirements for the complete process of the form. The only thing is that you have to record the process of property transfer with quitclaim deed form in the local Registry of Deeds.
How to File a Quitclaim Deed in Michigan
You can download a ready template of the quitclaim deed in Michigan and complete keeping the required structure. Make sure that you use the form for Michigan as requirements for the filling process are different across the locations.
1. Fill out the form
You have to enter all needed data into the form correctly to file and record it. You will need to enter such data as:
- Mailing information;
- Data about grantor and grantee;
- Property legal description;
- Property status;
- Signature.
2. Notarize the form
According to the laws, the quitclaim deed is valid only when signatures were made in the presence of the notary public. Moreover, representatives of the notary public have to sign the document as well. You can find a notary office or authorize the document in the bank. The notary public or officers will confirm your identity and confirm that the right person signed the document. It is an important procedure because the Register of Deeds wants to be sure that the grantor signs the document voluntarily. Otherwise, the quitclaim deed form will be invalid.
3. Record quitclaim deed
When the form is completed, you can bring it to the Register of Deeds to make a transfer of property. If you do not record it in the office, the quitclaim deed form will not be legally binding for organizations and other third parties.
You will need to pay fees for this operation, and prices differ between counties. That is why you should contact the Register of Deeds in your county to get detailed information about the filing process of the quitclaim deed form. Usually, transfer fees are constructed based on state and county requirements. The office will not be able to record your quitclaim deed until you pay all governmental fees.
However, there are cases when you can apply for exemption from the transfer tax. It is possible if the price of transfer was less than $100 or in some other specific situations. You can try to avoid transfer tax payments with the help of an attorney.
The Register of Deeds will notify you when they decide on the status of your request. You will receive your recordings at the mailing address, or you can take them in person in the office.