When people think about what a real estate litigation scenario looks like, they may be quick to think about a dispute over a contract or a problem between a landlord and a tenant. However, real estate litigation can involve a wide range of issues. It is important for any Michigan resident entering into a real estate deal to understand the kinds of disputes that may occur and how litigation may be needed to find an acceptable and fair resolution.
Fate of church at center of landlord/tenant dispute
Whenever a tenant moves into a dwelling or establishment, that tenant may embark on making improvements to the property. Typically, the landlord gives permission for specific improvements, and an agreement between parties is reached. However, there may be instances where a landlord/tenant dispute erupts over the fate of property once a tenant has invested a great deal of time and money making improvements to the place. Michigan landlords and tenants may be interested in a story about a church at the center of such a dispute.
Baby boomer generation needs to think of estate plan needs
As the baby boomer generation enters the realm of retirement, there are other needs that may be left unchecked. An estate plan and what to do in the event of incapacitation may be one area where baby boomers in Michigan have failed to be proactive. If one has not been put in place as of yet, anyone of this particular generation may want to get started with the basics.
Work with experienced attorney to cover your bases before purchasing a new home
Purchasing a home is a big financial move for anybody to make, and it is important to do one's homework so as to avoid problems after the transaction is complete. For those looking to purchase a home, getting a good inspection is important since a properly trained inspector can help spot potential problems with the property so that these issues can be addressed in the negotiation process, or so the interested party can move on.
Steps to take to protect an inheritance in Michigan
For financially stable families in Michigan, a great deal of pride may be taken in the act of leaving a significant inheritance to a family member. However, Michigan residents may want to consider the downside of leaving a family member a large sum of money. For some families, the concern may lie with what a beneficiary will do with his or her inheritance. For other families, concerns may stem from wanting to protect assets from tax or other liabilities.
When a tenant engages in illegal activity
Finding out that a tenant engaged in illegal activity on the property they are renting can be a very alarming discovery for a landlord. When a landlord makes such a discovery in regards to one of their tenants, it can be very important for the landlord to respond properly.
Childless Michigan couples should consider estate plan options
Couples with children may be apt to go about the estate planning process in a timely fashion as they realize the importance of protecting minor children and ensuring proper care of those children should something happen to both parents. Michigan couples who don't yet or won't ever have children should not postpone creating an estate plan, as it is also important that these couples protect assets and each other in the event one of them dies. There are certain steps a childless couple may want to consider when considering a comprehensive estate plan.
Important to have legal help with residential real estate deal
The act of buying or selling residential real estate can be the biggest financial decision or venture some people ever undertake. As with any important financial undertaking, it is advisable to have sound advice and up-to-date information. For those deciding to sell or buy residential real estate worth more than $250,000, legal advice from a trusted Michigan real estate lawyer can be the best protection available.
Drafting a strong commercial lease agreement
When an owner of a Michigan commercial property is in a transaction to lease the property to a business, there are many things that can be very important for the property owner. One is having a strong commercial lease agreement that properly protects their rights and interests and is enforceable. A strong commercial lease agreement can go a long way in increasing predictability in a commercial lease arrangement and making clear what the responsibilities and rights of the parties to the lease are.
Figures show more Americans are purchasing vacation homes
Dreams of buying a new car or boat, taking a trip around the world or even renovating a home have been stymied for many people in recent years thanks to the fallout from the recession, which saw record foreclosures, falling home prices, a jump in unemployment and battered retirement accounts.
A closer look at 'animal house' ordinances
The unfortunate reality is that almost every rental property owner has some sort of experience dealing with less than ideal tenants. While these tenants may have been problematic due to more minor issues like excessive noise or bothersome pets, still others might have been problematic because of more serious issues like criminal activities.
Time for generation X to think about legacy and estate plans
Members of Generation X are in a unique period of life where it is time to think about an estate plan for themselves and also time to be sure they know what type of plan their parents have adopted. Anyone considered to be Gen X -- typically those individuals born between 1965 and 1980 -- may choose to decide what kind of legacy and estate plan will best suit their needs and the needs of their family. Michigan Generation Xers may benefit from some of the tips and guidelines below.
Renting out a property can have both benefits and challenges
There are many things a person here in Michigan might decide to do with a residential property they own. One is to rent it out to tenants.
