ARTICLES
That includes the minerals, doesn’t it?
In this market, condo buyers beware
Failed residential and commercial condominium projects dot West Michigan. Unable to sell units, developers have had their loans called. Dozens, if not scores, of projects are now in the hands of mortgage lenders.
Read MoreLandlord Disclose contamination to New tenant or your lease may be void
The latest shocker from the Michigan Court of Appeals: If a landlord fails to disclose to a new tenant the existence of environmental contamination on the premises exceeding levels permitted by law, then the lease is void.
Read MoreAvoid pitfalls in buying distressed property in bankruptcy
Bankruptcy sale! Pay only cents on the dollar!
Buying real estate out of bankruptcy has real benefits: an opportunity to buy distressed property for a rock-bottom price; avoiding claims of the seller's creditors; cleansing title of liens and other defects through the bankruptcy process. But you must avoid the pitfalls.
Read MoreSix things you should know about business condos
It’s essential to take a close look at the consequences of creating business condominiums. |
A recent trend in today's commercial real estate markets is the creation of more and more business condominiums, i.e., the dedication of commercial buildings as condominiums, so that individual office or retail suites may be sold for occupancy or investment.
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