INSTRUCTIONS: L-4260 MICHIGAN PROPERTY TRANSFER AFFIDAVIT (Form 2766)
All Michigan transfers of property must be documented with an affidavit even if a deed is not recorded. This form 2766 must be submitted to your local assessor by the purchaser within 45 days of the transfer. If filed late, a penalty of $5 per day will be assessed, with a maximum penalty of $200 possible. The form is available on the website of the state of Michigan.
L-4260 Michigan Property Transfer Affidavit 2766 Step 1: In section one, give the street address of the property.
L-4260 Michigan Property Transfer Affidavit 2766 Step 2: In section two, give the county of the property.
L-4260 Michigan Property Transfer Affidavit 2766 Step 3: In section three, give the city, township or village of the property.
L-4260 Michigan Property Transfer Affidavit 2766 Step 4: In section four, give the date of the transfer and/or the date on which the contract was signed.
L-4260 Michigan Property Transfer Affidavit 2766 Step 5: In section five, give the purchase price.
L-4260 Michigan Property Transfer Affidavit 2766 Step 6: In section six, give the property identification number. If none has been assigned, attach a legal description of the property.
L-4260 Michigan Property Transfer Affidavit 2766 Step 7: In section seven, give the name of the person who sold the property.
L-4260 Michigan Property Transfer Affidavit 2766 Step 8: In section eight, give your name, mailing address and telephone number.
L-4260 Michigan Property Transfer Affidavit 2766 Step 9: Sections nine through fourteen are optional. Section nine asks whether the transfer was a land contract, deed, lease or other form of arrangement. If the latter, provide an explanation.
L-4260 Michigan Property Transfer Affidavit 2766 Step 10: Section 10 asks whether you purchased the property from a financial institution.
L-4260 Michigan Property Transfer Affidavit 2766 Step 11: Section 11 asks if the transfer took place between people who are related.
L-4260 Michigan Property Transfer Affidavit 2766 Step 12: Section 12 asks what the size of the down payment was.
L-4260 Michigan Property Transfer Affidavit 2766 Step 13: Section 13 asks if you paid the market rate of interest if you financed the purchase with a loan. Section 14 asks for the size of your loan.
L-4260 Michigan Property Transfer Affidavit 2766 Step 15: Indicate all exemptions you are seeking with a check mark. Sign and date the form.
