Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
The Michigan State Tax Commission has, by way of Bulletin 14 of 2011, issued notification of the 2012 inflation rate multiplier, to be used for calculating 2012 taxable values. The …
Inflation Rate Multiplier for 2012 Taxable Values Issued Read MoreIn Michigan, there are three general types of deeds that are used in real estate transactions: quit claim, covenant, and warranty. Each of these deeds has a different legal impact. …
I Got A Quit Claim Deed, So I Own It, Right? Read MoreThere are two general types of leases that you may encounter when leasing commercial property. One type of lease is generally referred to as a gross lease. The other type …
Commercial Leases: Gross vs. Net Read MoreThe deadline to file a Petition challenging the assessment for properties classified as residential or agricultural is July 31. In order to file a Petition before the Michigan Tax Tribunal …
Residential and Agricultural Properties Face July 31 Tax Appeal Filing Deadline Read MoreIn a significant ruling, a divided panel of the Michigan Court of Appeals recently ruled that Mortgage Electronic Registration Systems, Inc (“MERS”) is not statutorily permitted to foreclose a mortgage …
MERS Can’t Foreclose By Advertisement Read MoreThe Michigan Court of Appeals recently ruled that it is the municipality’s legislative body, and not the County Treasurer, who has the final say as to whether a proposed purchase …
Court of Appeals Rules For City Over Treasurer In Determination of “Public Purpose” In Sale Following Tax Foreclosure Read MoreIn a unanimous decision, a panel of the Michigan Court of Appeals ruled that a municipality is barred from uncapping the taxable value of a property in future years, so …
Reason No. 101 Why You Should File A Property Transfer Affidavit Read MoreIn a recent opinion, the Michigan Supreme Court clarified some instances where the death of a joint tenant, or the creation or termination of a joint tenancy may lead to …
Michigan Supreme Court Clarifies Circumstances When Creation or Termination of Joint Tenancies Will Lead to Uncapping of Taxable Value Read MoreThe time has once again arrived to focus on cost reductions achievable by appealing your property taxes. You have recently received your 2011 Notice of Assessment. As discussed below, there …
How to Protest Your Property Taxes in Michigan Read MoreIn 1031 Lapeer L.L.C. v. Rice, the defendant sought to lease a gas station to the plaintiff for a period of ten years. The defendant knew that the property was …
Failure to Disclose Environmental Contamination Can Void the Sale or Lease of Property Read More