Real Estate Law
Easement disputes Property deeds (Warranty Deed, Quit Claim Deed, and Lady Bird Deed) Real estate warranties Issues relating to buying & selling real estate Title report Mortgage Discharge of Mortgage.
I can help you through the whole process if you are selling or buying a property without a Realtor involvement from preparing documents such as a Seller Agreement; and also working with a Realtor keeping close contact with the title company for closing. I am able to go to the closing with you to ensure all goes smoothly.
Real Estate Law encompasses a broad range of issues in relation to property law that you may have never thought about before, such as:
Please call for a consultation so I can ease your mind and make your buying/selling experience a little easier.
The practice of real estate law involves a varied and often highly complicated set of activities centering on sales and acquisitions, title, land use, environmental, development, leasing, finance, joint ventures, restructuring and workouts, and litigation.
In today’s environment, a full-service real estate law firm should be able to offer expertise in the following areas:
• Sales and Acquisitions. The representation of buyers and sellers in the acquisition and disposition of the various kinds of real estate including office buildings, retail centers, hotels, industrial properties, residential properties, and manufactured housing communities. Title. The examination of title to real estate, evaluation of title exceptions, and negotiation of title insurance policies.
• Leasing. The negotiation and preparation of office, retail, and industrial leases and long-term ground leases.
• Joint Ventures. A very large proportion of real estate transactions involve joint ventures between capital sources and developers. Therefore, a real estate firm must be in a position to structure and negotiate partnership agreements, limited liability company operating agreements, shareholder agreements, and other forms of joint ventures, arrangements and advise on the tax aspects of the transactions.
REAL ESTATE LAW IN MICHIGAN
In Michigan, real estate can affect just about anything involving the use, purchase, or sale of land and fixtures to land, such as buildings.
The numerous laws affecting real estate in Michigan can sometimes feel overwhelming in their volume and complexity. This might apply doubly when your case involves a foreclosure, or a construction dispute.
Therefore, it’s a good idea to learn some of the basics of Michigan real estate laws.
If you have even a little bit of basic familiarity with applicable real estate law, your life will probably be a great deal easier. If you have some understanding of the law, your knowledge will likely put you in a better bargaining position.
COMMON REAL ESTATE LAW ISSUES IN MICHIGAN
Financing: Most persons, families, and small businesses in Michigan cannot afford to buy a large piece of real estate with the money they have on hand. However, they generally can afford to pay for it over a long period of time, in installments with interest. Consequently, most real estate is purchased using a mortgage – a loan for a specific purchase, using the item purchased as collateral.
Zoning: Zoning regulations control what types of structures are allowed on various parcels, based on their location in a municipality. For instance, some areas in a city might be zoned only for residual use. Another area might permit industrial use. These rules are meant to keep property values up and promote harmony among neighbors by preventing conflicts.
Duty of Disclosure: Sellers of homes are bound by a legal duty to disclose defects in the home to prospective buyers before they buy the house. Any defect which the seller knows (or reasonably should know) about, and which cannot be discovered by the buyer through an average inspection, must be disclosed to the buyer.
Implied Warranties: In Michigan, every residential rental agreement carries with it a warranty of habitability, in which the landlord implicitly promises that the unit is fit for human habitation. This applies whether or not such a warranty is mentioned in the lease agreement, and it still applies even if the landlord tries to disclaim any such warranty. There are many circumstances that might make a unit uninhabitable. A few examples are a lack of electricity, no running water, or no heating.