This is a summary of the new foreclosure law in Michigan, effective July 5, 2009. Notice requirements are covered and housing counselor contact information is provided.
Oakland Summary of Michigan Law and Tenants' Rights in Foreclosure
Category:
State:
Michigan
County:
Oakland
Control #:
MI-FORECL-04
Format:
Word;
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FAQ
You have the right to live in a home that is in good, habitable condition. This means both your home and the premises, such as a yard, should be safe and in good repair. Your landlord must also keep any common areas in good enough shape for their normal use.
According to U.S. law, property that is left behind by a tenant is typically assumed to be abandoned after a specific timeframe. This timeframe can be anywhere between one week and one year. If the property remains unclaimed during this timeframe, it may be disposed of, or sold in order to recoup storage costs.
Providing a deadline for picking up the property (30 days is common) requiring the tenant to reimburse you for the reasonable costs of storing the property, and. declaring that failure to claim the property means it is legally abandoned.
Michigan is generally considered a landlord-friendly state since there aren't many regulations regarding rent control policies, late fees, or grace periods. However, due to the high amount of renters in the state, Michigan can also be considered a great place for tenants to find a place to live without too many issues.
On July 1st, 1979, Michigan's Truth In Renting Act went into effect to ensure fair dealing between residential landlords and tenants in lease agreements. Landlords are prohibited from including certain self-serving and arbitrary provisions in written agreements intended to be a waiver of the tenant's legal rights.
If it was signed before the complete title to the property was transferred to the new owner, then the tenant gets to stay in the home until the lease ends. If the lease was signed after that date, then the tenant probably can stay in the home for 90 days from the date the redemption period ends.
If after 3 months the property has not been claimed by the legal owner, the property may be disposed of in any manner by the law enforcement agency. History: 1987, Act 273, Imd. Eff.
You have the right to live in a home that is in good, habitable condition. This means both your home and the premises, such as a yard, should be safe and in good repair. Your landlord must also keep any common areas in good enough shape for their normal use.
Requiring landlords to disclose certain information in every lease; guaranteeing tenants certain rights under the law; and, prohibiting lease provisions that attempt to waive a tenant's guaranteed rights.
Rental prices cannot rise more than seven percent (7 %) annually for housing units costing Php 5, 000 to Php 8, 999 per month if the renter stays in the same place year after year.
