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Property OwnershipRecordingEASY

After closing on a home in Washtenaw County, Michigan, the title company prepares the deed for recording. Before the deed can be accepted for recording by the Register of Deeds, which of the following documents must typically be presented along with the deed?

Correct Answer

B) A completed Property Transfer Affidavit (Form L-4260)

Under MCL 207.504, a Property Transfer Affidavit (Form L-4260) must be filed with the local assessor within 45 days of the transfer, and Michigan county Registers of Deeds require it to accompany the deed at recording. This form notifies the assessor of the ownership change so that the taxable value can be uncapped under Proposal A, making it a uniquely Michigan recording requirement.

Answer Options
A
A copy of the seller's original purchase agreement from when they bought the home
B
A completed Property Transfer Affidavit (Form L-4260)
C
A written appraisal confirming the property's current market value
D
A certificate of occupancy issued by the local municipality

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Background Knowledge for Property Ownership

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Related Topics & Key Terms

Key Terms:

recordingproperty_transfer_affidavitproposal_ataxable_valueregister_of_deeds

Related Concepts

A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.

A life estate is a freehold estate that grants ownership rights for the duration of someone's life.

Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.

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