Oftentimes, when people think about beneficiaries of assets and funds, they may automatically think about parents leaving an estate to be split between children. However, for Michigan couples and individuals without children, the process of crafting an estate plan may be slightly different. It may require some more thought regarding
In most cases, Michigan landlords are required to provide some basic assurances of safety to tenants. Renting apartments in a building that is falling down is unethical and could be illegal. Gray areas exist with regard to landlord responsibility for tenant safety, often resulting in landlord-tenant disagreements over repairs or
The representation of any Michigan client in a commercial real estate law matter requires an in-depth understanding of common problems and concerns faced by landlords, commercial property owners, real estate management firms and commercial tenants. The more a law firm focuses solely on matters pertaining to real estate, the more
There are many options for estate planning and no one plan will work for everyone. However, regardless of the size of the estate, a trust may be a good idea to consider. For anyone in Michigan who is venturing into estate planning, learning about the different types of trusts can
Both individuals and businesses in Michigan know that liens can be placed against property for a variety of reasons. Common reasons that come to mind might include tax issues or failure to make mortgage payments. When it comes to commercial property, the real estate broker has the power to place
An interesting lighthouse property is up for auction near Mackinac Island, Michigan. Historically, the lighthouse, which opened in 1948, marked the maritime passage between Round Island and Mackinac Island in Lake Huron. The lighthouse is still in operation, and the U.S. Coastguard will continue to maintain its solar panel powered
Many businesses opt to lease the space in which they work for a variety of reasons. Perhaps they cannot afford the financial outlay required to purchase a space, or they plan to buy a space when the business grows. Whatever the rationale, there are pros and cons to renting office
Developers are eying East Lansing, Michigan, for the construction of apartment complexes and numerous projects are already underway. The target market they are seeking to profit from in their purchases and sales and development projects are students. Developers are adding fitness centers, basketball courts, study lounges and tanning beds to
Oftent, people think those who have a great deal of assets must have all of their estate planning ducks in a row. However, the death of Soprano’s star James Gandolfini showed that not everyone has taken the necessary steps to ensure that a comprehensive estate plan is in place. Because
Across one city in Michigan, property owners are turning to the Internet and online auction to move sales. A building in downtown Detroit isn’t your standard eBay listing, and the property owners are using property-based selling sites such as Auction.com, but the principles of the Internet auction remain the same.
As real estate markets in Michigan and the rest of the country improve, new real estate offices and residential and commercial real estate investment opportunities are popping up all over the place. Indeed, in recent events, Sotheby’s International Reality has announced the opening of a new real estate office in
The economic recession hit the United States hard, but some areas of the country suffered more than others did. One such area was the Detroit-metro area. However, a recent report by Crains Detroit Business shows that the same area is now seeing a boost in residential real estate sale prices.
When it comes to purchases and sales of Detroit area real estate, there is one historic building that numerous people have admired — and it used to be the headquarters of the Detroit Club. Built in 1892, the four-story building is made of red brick and stone and it was
© Copyright 2024, Galloway and Collens, All rights reserved.
