Property can legally change hands in Michigan even if no one sells it. Through either adverse possession or acquiescence, someone who isn’t the legal owner can end up with rights to a piece of land, simply based on how it was used or accepted over time. These two...
Real Estate Law
Due diligence is crucial with commercial real estate purchases
It is undoubtedly exciting to make a bold decision to buy a commercial property. However, individuals and businesses that are doing so must bear in mind that due diligence is a vital aspect of being fully protected. There are several keys with proper due diligence and...
How to get the most out of your commercial real estate sale
Selling a piece of commercial real estate can prove to be extraordinarily profitable, or it could help you cut losses from your portfolio to stabilize your finances. Either way, you have to do what you can to get the most out of your commercial real estate...
Don’t make these commercial real estate due diligence mistakes
Purchasing a piece of commercial real estate is a big commitment. But it can also set the stage for a successful business venture that brings you significant profits. The risks, however, can be great. So, as you embark on a journey to find the commercial real estate...
How can you tell if a commercial property has zoning issues?
Buying commercial property without checking zoning rules can cost you thousands in fines and lost business opportunities. Local governments place limitations on Michigan land developments. This makes it critical for commercial real estate developers to be aware of...
What protections exist in MI landlord-guarantor agreements?
If you're signing a lease that involves a personal guaranty, it's important to understand your risks. Landlord-guarantor agreements often come into play when a business signs a lease and the landlord asks for a personal promise to cover the rent. These agreements...
Key commercial lease clauses Michigan business owners must know
Leasing commercial space is an important step for your business. Before signing, make sure you fully understand what you are agreeing to. A commercial lease is a contract that can affect your establishment for years. The terms can increase costs, limit your options or...
What is Michigan’s law on tenant rights and eviction?
If you're a tenant in Michigan, understanding your rights is essential. Tenant rights laws are designed to protect you from unfair treatment and ensure that landlords uphold their responsibilities. In Michigan, there are rules that govern the landlord-tenant...
How does the bundle of rights affect property ownership?
Property ownership includes more than just having a physical structure or land. The "bundle of rights" is a legal concept that explains the different rights attached to real estate ownership. These rights allow owners to use, transfer, and control their property in...
How do short-term rental regulations impact property owners?
Short-term rentals, like those listed on Airbnb and VRBO, offer property owners opportunities for additional income. However, the rise of these platforms has led many jurisdictions to impose regulations. These rules can significantly affect how property owners use...