With marijuana becoming popular for both medical and recreational use, it's likely that states will continue to vote it legal in small quantities. However, that's going to have an impact on the residential lease agreement you sign, especially if you want to smoke...
Michigan property owners told to clean up
Owning investment properties in Michigan can be a source of supplemental income for landlords renting out to tenants. With this benefit, however, comes the responsibility to take care of the property and meet all maintenance requirements and liabilities. If properties...
Paul Walker’s estate plan protects daughter
The recent death of movie star Paul Walker highlighted the fact that tragedy can strike anyone at any time. The accident has also turned out to be a lesson in the importance of having an estate plan at any age. Walker's estate plan, in particular, ensured his only...
Michigan manufacturing complex sold for redevelopment
More and more commercial real estate developers are coming to Michigan to capitalize on the amount of properties for sale. Among the recent purchases and sales is the 108-acre American Axle & Manufacturing Inc. manufacturing complex in Detroit. It has been sold to...
Michigan turbine facility in midst of lawsuit
More and more focus is being put on finding alternative and sustainable sources of energy, but sometimes those developments come at a price. Residents of one Michigan city are not happy about the noise levels of Lake Winds Energy Plant, and Consumers Energy is finding...
Detroit’s Packard Motor Car plant may be getting a facelift
The abandoned Packard Motor Car plant may be coming back to life thanks to a developer from Peru who has high hopes for the structure. The 58-year-old developer has a history similar to the commercial property, giving him a unique edge in its development. The man made...
Detroit apartment deemed not fit for habitation
One of the responsibilities of a landlord is to ensure that an investment property is kept in suitable living condition. When a building is not maintained to code standards, or either party does not follow the terms of the lease, serious issues can arise and sometimes...
Should an estate be passed through a trust or a will?
Especially for a wealthy Michigan family, it can be difficult to know how to pass wealth along to the next generation and if it should be done through a will or a trust. Estate planning is a vital financial step for anyone, no matter the income level. However, for...
Detroit public land transfer may impact local jobs
The new Red Wings arena may be one step closer to construction after the developer in charge of the project agreed to hire from the local pool of Detroit residents. However, the City Council President wants more than a verbal agreement and is pushing for a more solid...