In Michigan, where there is more than one owner, title to real property can be held in several different ways. These include tenancy in common, joint tenancy, joint tenancy with full rights of survivorship and tenancy by the entireties. Your rights and obligations will vary depending on how you take title. Tenants in Common. Tenancy […]
Rent to Own Real Estate If you’ve driven around the Metro Detroit area lately, there is a good chance that you’ve seen a roadside “Rent to Own” sign for real estate. This is another name for a “Lease to Own” agreement. Before you seriously consider this type of arrangement to sell or acquire real estate, […]
AN EXCHANGE OF EMAILS OR TEXT MESSAGES CAN CREATE A BINDING AGREEMENT FOR THE SALE/PURCHASE OF REAL PROPERTY Michigan law has long required that an agreement for the conveyance of real property must be in a signed writing to be enforceable. This requirement is known as a “statute of frauds.” In light of the increasing […]
Real estate attorneys protect the interests of their clients involved in a variety of real estate transactions including leases, sales, and purchases. Whether you are considering leasing, selling or buying a residential or commercial property, we highly recommend that you consult a real estate attorney to ensure that your interests are properly protected. At […]
