A Property Owners Guide to Variance Requests in Michigan
Navigating local zoning ordinances is crucial for Michigan real property owners seeking exceptions—commonly known as variances. This article Thompson Legal, provides an insightful guide on variance requests in Michigan, exploring the types of variances, the authority of the Zoning Board of Appeals (ZBA), and the criteria for obtaining a variance.
The Power of a Contractor Lien and Michigan Construction Lien Act (CLA)
The Michigan Construction Lien Act, found in MCL 570.1101 et seq., is a legal framework designed to protect the rights of various parties involved in a construction project. From contractors and subcontractors to suppliers and property owners, the CLA establishes a mechanism to secure payment and resolve disputes in the construction industry.
Uncapping Property Taxes in Michigan: Considerations for Real Estate Owners
Property taxes are often uncapped after a sale, but some transfers can accidently trigger costly property tax uncapping. In this article, the expert real property lawyers at Thompson Legal will detail the intricacies of property tax uncapping and discuss what real estate owners need to know in order to make informed decisions.
Seller's Disclosures in Michigan Real Estate Transactions
The Michigan Seller's Disclosure Act requires sellers to provide certain information to buyers to ensure transparency in real estate transactions. In this blog, we'll delve into what seller's disclosures are, what is required to be disclosed, potential liability, as well as provide a sample disclosure form and tips.
Joint Real Property in Michigan: Ownership Overview
In this article, we'll delve into the most common types of joint real property ownership in Michigan, including Tenants in Common, Joint Tenants with Full Rights of Survivorship, and Tenants by the Entireties to help you better understand this complex legal landscape.
Partition Lawsuits in Michigan: A Property Owner’s Basic Guide
When co-owners cannot agree on the use, possession, or division of a property, a partition action provides a legal mechanism for the parties to resolve the dispute, and if not, an equitable means to determine and distribute the property's value. This article will explore the basics of partition lawsuits in Michigan, highlighting key statutes and court rules to help you better understand the process.
Buying and Selling Real Estate “As Is” - What You Should Consider Before Signing
The "as is" clause in real property purchase agreements is a crucial provision that significantly impacts the rights and responsibilities of both buyers and sellers. Often viewed as a double-edged sword, this clause can provide flexibility and protection for sellers while posing potential risks for buyers. This article explores the implications of the "as is" clause and highlights what both parties should carefully consider when entering into real estate transactions.
Protecting Your Investment: The Legal Benefits of Using an LLC or Corporation for Rental Properties
One strategy that many real estate investors employ is the use of a Limited Liability Company (LLC) or a corporation to hold and manage their rental properties. In this blog post, we'll explore the legal benefits of placing your rental properties within an LLC or corporation.
Hidden Costs in "For Sale by Owner" Real Estate Transactions in Michigan
When it comes to selling your home in Michigan, the "For Sale by Owner" (FSBO) route can be tempting. However, before you dive headfirst into the world of FSBO, it's essential to be aware of the hidden costs that can sometimes catch sellers off guard.
Navigating Real Estate Transactions: Do I Need Title Insurance?
Many buyers and sellers turn to title work and title insurance in real estate sales. In this blog post, we'll explore the pros and cons to help you make an informed decision in your real estate transaction.
Understanding Quiet Title Lawsuits in Michigan
Ownership disputes and clouded titles can create significant challenges for property owners. In Michigan, as in many other states, one legal remedy for resolving these issues is a Quiet Title Lawsuit. This legal action can help establish clear ownership and remove any uncertainties or competing claims.