Thursday, May 20, 2010

Michigan Landlord and Tenant Law

Landlord:

The party agreeing to transfer possession and use of the rental property, usually the owner (but may also include an agent or employee of the owner, or a management company). In general, an owner of land or an estate in land (including a leasehold estate) who lets premises to another person under a tenancy arrangement.

He is bound to perform certain duties and is entitled to certain rights.

Tenant:

The party which has possession of and pays rent and use a rental property which is owned by another party (called the landlord). A tenant's right to possession and use is called a tenancy or leasehold.

Landlord and Tenant:

A leasehold estate is an ownership interest in land in which a lessee or a tenant holds real property by some form of title from a lessor or landlord.

Landlord-tenant disputes are a common occurrence in the renting process. Some of these disputes could be avoided if landlords and tenants were aware of their rights and responsibilities.

Landlord Should:

-Make property habitable before tenants move in.
-Make and pay for repairs due to ordinary wear and tear.
-Refrain from turning off a tenant's water, electricity or gas.
-Provide written notice to tenants when ownership of the property is transferred to a new landlord.
-Not unlawfully discriminate.

Tenant Should:

-Pay rent on time.
-Use reasonable care and not damage property.
-Properly dispose of garbage.
-Refrain from taking on additional occupants or subleasing without the landlord's written permission.

Landlord and Tenant Act

Act 348 of 1972

AN ACT to regulate relationships between landlords and tenants relative to rental agreements for rental units; to regulate the payment, repayment, use and investment of security deposits; to provide for commencement and termination inventories of rental units; to provide for termination arrangements relative to rental units; to provide for legal remedies; and to provide penalties.

History: 1972, Act 348, Eff. Apr. 1, 1973

Popular Name: Landlord-Tenant Act.

Laws passed in 1997 offer greater protection for tenants renting from unresponsive landlords as well as more options for landlords to get rid of drug dealers and destructive tenants. Among the provisions:

=> Authorizes county courts to order the quick removal of tenants involved in drug-related criminal activity or violence, even when there is no arrest. Prior written notice is not required to remove a tenant.

=> Allows landlords to remove abandoned personal items once they have complied with notice requirements.

=> Makes a landlord guilty of forcible entry for willfully interrupting utility service, unless it is done for health and safety reasons.

=> Allows a tenant, under certain circumstances and after giving a landlord 14 days' notice, to deduct one-half month's rent or up to $300 (whichever is greater) for repair of code violations when a landlord neglects property. This can be done once a year.

=> Allows a landlord to double the rent when a tenant lets another person take over the premises without the landlord's permission.

=> Limits occupancy to two persons per bedroom except for children born during the lease period.

A security deposit is the money, apart from your monthly rent, that has to be paid to your landlord when you move in. Landlord holds this money as long as you stay. When you move out and if you have paid all your rent and utility bills and you have not damaged the unit, the landlord is to return this money. The same rule is for every state.

It does not matter what the landlord calls the money, it still is a security deposit. If you pay your first and last month's rent when you move in, the last month's rent is really a security deposit. The only exception to this rule in Michigan is a non-refundable fee, such as a cleaning fee paid at the beginning of a tenancy. In other states, a cleaning fee may or may not be permitted, as this can be deducted from a security deposit.

Lease (or Rental Agreement):

In general Lease:" A contract conveying from one entity to another the use of real or personal property for a designated period of time in return for payment or other consideration. "

A lease is a contract for the possession and profits of lands and tenements on one side and a recompense of rent or other income on the other or else it is a conveyance of lands and tenements to a person for life or years or at will, in consideration of a return of rent or other recompense.

BASIC LEASE PROVISIONS

At a minimum the lease should include:

=> Landlord's name, address and phone number.
=> Address of rental property.
=> Amount of monthly rent.
=> Rent due date and grace period (if any).
=> Amount of security deposit and conditions for its return.
=> Length of lease.

OTHER QUESTIONS

Before renting, tenants might get other questions answered or address them in the lease:

=> Who will pay for electricity, gas and water?
=> What repairs and cleaning will the landlord do?
=> What is the policy on keeping pets?
=> Are fees charged for late payments?
=> Who takes cares of the yard and removes snow?

If your landlord-tenant issue demands immediate legal action, you may want to seek Landlord Tenant resources for legal advice, mediation or Small Claims Court. If your complaint involves more than $5,000, you may wish to seek a private attorney. Or else also you can take advice from any lawyer or attorney and try for free advice as attorney's do provide free advice and after that you can decide on whether hiring an attorney for your case or not.




To know more about landlord and tenant law you can see http://lawfirminmichigan.blogspot.com/

For Any Further inquiry or free advice on your personal injury case feel free to contact Hirsch law firm

http://www.jonhirschlaw.com

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Monday, May 10, 2010

Build Green and Save Green says Advantage Development Co., Custom Home Builder in Asheville, NC

Advantage Development Co. in Asheville, NC is a five (5) time "Parade of Homes" Best Builder Winner with satisfied clients scattered all over Western North Carolina. Now is the right time to build because construction labor is down 30%, Lumber prices are down 30%, Construction Loans are easy & quick for qualified buyers, long term mortgage rates are the lowest in fifty years, and the permitting & inspection offices are no longer backed up, therefore we can build that dream home even faster. Ask us how you can build green, and save more green. We are certified green professionals here to serve you with all your green building needs. Check out our website today at www.advdevco.com and call us for a free consultation.



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Friday, April 16, 2010

Asheville Real Estate Podcast June 2007

The June 2007 edition of the Asheville Real Estate Podcast discussed the sub prime mortgage market, and the impact it will have on the real estate market



http://www.youtube.com/watch?v=ybfkux3Mr-w&hl=en

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Saturday, April 3, 2010

North Carolina and South Carolina Mortgage Company

Preferred Choice Mortgage Company from North Carolina and South Carolina is helping the community one family at a time. This is the 1st and last frame of a new promotional piece based around home décor and the individuality of owning your own home. If you are looking for a mortgage in North Carolina or South Carolina asks one of our loan specialists how they can save you time and money. Today you may be able to stop renting and start building equity in a home of your own. We have three locations for your convince in Hendersonville, NC Asheville NC, or Travelers Rest, SC. We specialize many different types of mortgages making it possible for our loan specialist to get you a lower interest rate and low monthly payments. Call today to Refinance, purchase a new home or even apply for an individual construction loan. Remember we use over 40 Lenders nation wide allowing us to match you with a loan, which may not be available at your local bank and more appropriate for your situation. Visit our website at www.preferredchoicemortgage.com for more information.



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Saturday, March 13, 2010

The Way to a Better Home: A North Carolina Mortgage

Few areas in North America are as beautiful, as prosperous, and growing as fast as North Carolina, and that has brought a massive influx in home starts in the Carolinas region over the past few years. Home owners and investors have been looking to North Carolina as ‘the new gold rush’, as home prices in places like New York and Los Angeles drive the middle class into the suburbs. And if you’ve recently decided to make the plunge yourself, perhaps it’s time for a North Carolina Mortgage to seal the deal.

Whether you’re looking for a residential property in the mountains of NC, or a farm in Piedmont, or a property on the Coastal Plain, North Carolina is home to an immense number of local attractions. The mountains offer up such delights as the Mount Mitchell, New River, Mount Jefferson, Holmes Educational, and Gorges State Parks, as well as amazing cities such as Brevard, Asheville and Boone – places where a North Carolina mortgage can buy you more than a home – you can buy a castle.

In the Piedmont region, cities like Charlotte and Hickory offer a mix of suburban lifestyle and big city living, while Raleigh, Durham and Chapel Hill have proved to be in the midst of a boom, driving house prices upwards and showing no sign of letting up in the future. The truth of it is, North Carolina is so business-friendly and homeowner-happy, than people move in, but don’t want to move out. And with mortgage rates so low, North Carolina lenders are taking part in that real estate boom.

The coastal areas are even more in-demand, with the lovely town of Greenville offering beautiful sandy beaches, fishing, boating and an incredible laid-back lifestyle. A mortgage taken up in this area, or nearby Wilmington, will certainly turn you into a life-long North Carolina resident.

But is now really the time to tackle a bank loan, when rates are so cheap? Isn’t it so that, when rates rise you could find yourself no longer able to afford your North Carolina dream home? Possibly, so that’s why you need to account for that possibility and ensure you have enough room on your mortgage to account for unexpected expenses, and have enough room on your budget to be able to afford sudden increases in interest.

But if you can do it, there’s no time like the present to grab a North Carolina home mortgage loan [http://www.orlandodailytimes.com/category/finance-news]. Quite honestly, there’s nowhere better on Planet Earth to buy, and no better time to do so. And that’s why over 8.5 million people have settled there, and the number of new home-owners in the region has grown by over 20% in just the last ten years!

And it’s also why students at colleges like the University of North Carolina have stuck around after their degrees have ended, borrowed money for a home loan, and made the Appalachian mountains and Atlantic Coast their new home. Is it your turn next?




Christopher M. Luck has an extensive background in working exclusively with the nations top mortgage companies and is now offering his free professional mortgage secrets [http://www.carolinamortgagetips.info/carolinamortgagenorthguides] to the public. If you are at all interested in Christopher's personal advice, tips, or secrets on mortgages you can visit his finance blog [http://www.orlandodailytimes.com/category/finance-news].

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Tuesday, March 9, 2010

Carolina Mortgage Specialist

Preferred Choice Mortgage Company from North Carolina and South Carolina is helping the community one family at a time. This a new promotional piece based around home décor and the individuality of owning your own home. If you are looking for a mortgage in North Carolina or South Carolina asks one of our loan specialists how they can save you time and money. Today you may be able to stop renting and start building equity in a home of your own. We have three locations for your convince in Hendersonville, NC Asheville NC, or Travelers Rest, SC. We specialize many different types of mortgages making it possible for our loan specialist to get you a lower interest rate and low monthly payments. Call today to Refinance, purchase a new home or even apply for an individual construction loan. Remember we use over 40 Lenders nation wide allowing us to match you with a loan, which may not be available at your local bank and more appropriate for your situation. Visit our website at www.preferredchoicemortgage.com for more information.



http://www.youtube.com/watch?v=fgp1c63p_EE&hl=en

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Monday, March 8, 2010

Cornerstone Residential Mortgage

Cornerstone Residential Mortgage, in Asheville, North Carolina, will work with you to offer you the best wholesale home loan. Low to no down payment loans and same day approvals are given. Visit us www.yellowpages.com



http://www.youtube.com/watch?v=UtvhsF2xkGo&hl=en

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