Purchasing a home or a condo represents a significant monetary investment. It also requires investing a considerable amount of time and energy to secure the ideal dwelling. While real estate agents can speak the “language” and provide necessary insight, a little...
Year: 2021
The purposes of the letter of intent
Breaching a contract in Michigan is a serious matter that could cause thousands of dollars in damages. A letter of intent is generally non-binding, but the terms can be written to be binding, so the plaintiff can use this document to sue the defendant for damages....
Basic steps for rezoning in Detroit
Rezoning in Michigan, also known as a map amendment, is necessary to change your property to establish public need for your business. This process consists of numerous steps from getting approval from the city to holding one or more public hearings in front of the...
What are the duties of an HOA attorney?
If you are living in homeowners' association (HOA)-managed housing, then it is important that you know what your HOA attorney does. HOAs are often the subject of many complaints and lawsuits. HOA attorneys have many responsibilities, and understanding them can help...
How to negotiate a business contract in Michigan
Michigan law requires that you negotiate contracts in good faith. This means that you must not seek an unconscionable advantage, attempt to defraud or have malice when you negotiate a contract. The goal is to find an agreement that satisfies both sides. Ask what's...
What you need to know about cooperative housing in Michigan
Cooperative housing has been around for decades, but it is still not well understood. It is a great option for those who are looking to own a home without breaking the bank. If you've been considering cooperative housing, here's what you need to know. What is...
A look at discrimination and cooperative housing law
A housing cooperative (co-op) is a residency owned and operated by its members, many of whom are residents. Members get a certificate that verifies membership in the Michigan co-op. Cooperative housing laws prevent these corporations from engaging in discriminatory...
HOA laws can include pet restrictions
Michigan homeowner's associations are important organizations that protect the safety and well-being of every resident in a neighborhood. The rules should not be ignored by any homeowner, including any rule that restricts the freedoms of pet ownership. It's the...
What is a liquidated damages clause and why is it necessary?
Business owners in Michigan want to protect themselves from potential and protracted litigation. One way to do that is to have a liquidated damages clause in case a breach of contract occurs. Usually, this is found in transactions involving real estate. What is a...
Important steps when negotiating licensing agreements
Negotiations begin as soon as someone else shows interest in your idea or invention. Every major deal in Michigan must be written down in a formal agreement. Negotiations are made and continue for as long as necessary to help you get the fairest deal. Make sure it's...