Oakland Michigan Rights Not Assigned

State:
Multi-State
County:
Oakland
Control #:
US-OG-487
Format:
Word; 
Rich Text
Instant download

Description

In The Rights Not Assigned form, the assignor reserves all oil and gas rights not specifically described in an assignment, and all mineral and leasehold rights at any depths and all rights of ingress, egress, use, occupancy, and any and all other surface rights granted by the Oil and Gas Leases necessary or convenient to exercise and enjoy all oil, gas, mineral, and leasehold rights reserved to assignor.

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FAQ

Is that home covered by AB 1482? No, single-family homes are exempt from AB 1482, unless they are owned by a real estate investment trust, a corporation or an LLC that includes a corporation as a member. Properties owned by a family trust are exempt.

The state law will exempt buildings that were built within the last 15 years. This is a rolling date for compliance. In other words, buildings that were constructed in 2008 will be subject to the rent increase cap starting in 2023, buildings that were constructed in 2009 will need to comply by 2024, etc.

Currently, Oakland requires landlords to pay qualifying tenants $7,447 to vacate a studio or one-bedroom unit, $9,166 to vacate a two-bedroom unit and $11,314 to vacate a three or more-bedroom unit.

Master tenants must comply with state law unlawful detainer procedures in order to evict a subtenant. Only landlords are allowed to evict their tenants. A master tenant is considered a landlord in relation to his or her subtenant, meaning that a master tenant is able to evict a subtenant.

Single family residences and condominiums are exempt from the Rent Adjustment Ordinance if the unit is rented as one single unit and not rented room by room for more than 30 continuous days (like a rooming house).

In Oakland, a property owner can only terminate a tenancy or evict a tenant for JUST CAUSE. A Notice to Terminate or Evict must specify one of the following eleven Just Causes: Failure to pay rent. Material violation of rental agreement after written notice to stop.

Possession proceedings to evict you Subletting which is against your tenancy agreement gives your landlord a legal reason or grounds to start possession proceedings and evict you.

Though subtenants are not legally responsible for rent payments to the landlord because their direct relationship is with the master tenant, if a master tenant is evicted, the subtenant will be evicted also.

In Oakland, most residential buildings constructed before 1983 are covered by rent control, aside from single-family homes and a few other exceptions. When new tenants move into rent-controlled units, the landlord is allowed to set the rent at whatever price they choose.

Single family homes and condos are not subject to rent control, unless they are owned by a corporation or real estate investment trust (REIT).

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Oakland Michigan Rights Not Assigned