Land contracts are a less-common and lesser-known type of real estate transaction. What are they, why are they used, and what are some of the considerations involved? Background and Nature Land contracts are the “rent-to-own” of real estate. They are a mechanism for a...
Political Signs in Community Associations
Each election season, we receive questions about political signs in condominiums and homeowners associations. Can community associations restrict political signs, and what are some of the considerations? Freedom of Speech There is a US Supreme Court case, Reed v. Town...
Fiduciary Duties of Directors and Officers
When a homeowner gains election or appointment as a director or officer of a corporation, they become a fiduciary for the corporation, and undertake duties to the corporation, and ultimately to the members it represents. What is a Fiduciary? A fiduciary is a person...
Common Types of Land Deeds in Michigan
Private land is bought, sold, or transferred using deeds. This Blog will address the four most common types of deeds in Michigan and what each of the different types guarantee. Warranty Deed A warranty deed provides the strongest protection to a buyer. The “warranty”...