Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
Under 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 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 MoreJoint tenants hold equal and undivided interests in a parcel, with a right of survivorship. When a joint tenant dies, the deceased’s interest does not descend to heirs. Instead, the …
Jackson v Estate of Green: The Effect of a Partition Action on a Joint Tenancy 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 More