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Guide to Michigan Real Property Law
Get help with real property law in MichiganWhile you may think it's fairly straightforward, there are actually several ways that property law in Michigan can affect business owners. For example, zoning laws dictate what types of business and industrial activities can occur on a particular property. This is why it's very important to know all the facts about Michigan property laws before you buy.
Before speaking with a Michigan real estate law firm:
1. Learn as much as you can about Michigan property law, so that you have a good idea why you need a lawyer. You will definitely want a lawyer present when purchase property or enter a rental agreement, but lawyers can handle many other issues as well.
2. Determine your budget. Some lawyers that specialize in real estate law in Michigan charge on a per-hour basis, which could be less expensive if you only have a few small needs.
3. Choose a lawyer that understands your particular industry as well as Michigan real property law. Commercial and agricultural real estate laws, for example, are different.
Action Steps
The best contacts and resources to help you get it done
Hire an attorney that specializes in real estate law in MI
You should always have a lawyer on hand when you make large transactions, such as purchasing or selling property. Your lawyer can draw up contracts that protect your interests and prevent others from taking legal action against you later on.
I recommend:
The Law Office of Christopher Sevick, P.L.C. serves the Ann Arbor and Ypsilanti areas. Find lawyers in other areas by visiting Lawyers.com.
Understand the property insurance required by Michigan real estate law
Whether you are a business or an individual, the real estate law states that if you own property, you must purchase insurance. A business owner in Michigan may want to purchase property damage, public liability and rent interruption insurance, just to feel more secure.
I recommend:
The Michigan Department of Labor and Economic Growth offers several PDF guides to insurance in Michigan. Make sure you find the ones listed under "Homeowners/Renters Insurance." Once you understand the requirements, contact the Michigan Basic Property Insurance Association, which aims to provide property insurance at reasonable rates.
Find a tax lawyer that understands real estate laws in Michigan
Once you own property, your taxes become much more complicated. A good tax lawyer will make sure you are following the law and still getting all the discounts you deserve.
I recommend:
The Law Offices of Jeffrey S. Freeman can help you handle your tax issues. You can also search for a lawyer through the State Bar of Michigan.
Tips & Tactics
Helpful advice for making the most of this Guide- You can do many things without the aid of a lawyer. If you have a good understanding of property law in Michigan, it's easier to know what you can do on your own and when a lawyer is necessary.
