Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
Property owners are often asked to grant utility easements to utility companies for the construction and maintenance of overhead electric, telephone and cable television lines and underground electric, water, and …
Before You Grant An Easement, Know What You Are Giving Away Read MoreA tenant of real estate often wants the right to purchase the property if the landlord decides to sell. One common technique is to have the landlord grant the tenant …
Enforcing the Right of First Refusal Read MoreA mortgage has priority over other liens on the property from the date it is recorded with the Register of Deeds. The mortgage can also have priority for amounts advanced …
To Quality as a Future Advance Mortgage, Correct Language Must By Included in the Recorded Mortgage Read MoreUnder Michigan law, a property’s taxable value is capped and may not increase by more than the rate of inflation until ownership of the property is transferred. However, there are …
Keeping Property Tax Values Capped Upon the Death of a Joint Tenant Read MoreIf you’re looking to buy a business, there is a lot to know before you actually make an offer. This is especially true if you’re looking to buy a business …
So You Want to Buy a Bar… Read MoreWhen purchasing or selling real property in Michigan, parties often rely on their real estate agent to guide them through the process with their best interests in mind. However, this …
What Are A Dual Real Estate Agent’s Duties to the Buyer or Seller? Read MoreWhen real property is transferred in the state of Michigan, both state and county transfer taxes are assessed based on the purchase price of the property. Transfer taxes are imposed …
Broadening the State Real Estate Transfer Tax Read MoreIt is not uncommon for employers to provide housing to employees as part of their compensation package. This frequently occurs in the hospitality, multi-family housing, and construction industries. Employers must …
What Happens With Employer-Provided Housing When An Employee Is Fired Or Quits? Read MoreOn May 19, 2009, the Michigan Legislature passed a package of three bills designed to give homeowners facing foreclosure a ninety-day window to meet with their lender and modify the …
Michigan Legislature Passes New Foreclosure Laws Read More