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Quitclaim Deed from Limited Liability Company to Two Individuals Husband and Wife Michigan Form

Quitclaim Deed from Limited Liability Company to Two Individuals Husband and Wife Michigan Form

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I have this commercial property on a main road and one of the units that I manage and it's been in the same company name for at least 15 to 18 years last September a sale was executed for one dollar on a quick claim deed they didn't record it until two weeks ago I'm doing a delayed on capping of taxable value for them I am also removing a agricultural exemption that the prior owner filed and probably didn't qualify for anymore so this was a over 127 000 taxable value increase from 2022 to 2023 for this sale owner called me super upset that we made all these adjustments and my question for them is in what exemption do you qualify for on the property transfer affidavit under the transfer guidelines of Michigan in order to avoid a taxable value on capping a one dollar quit claim deed does not cut it so I'm gonna get more into that stay tuned

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