What Is Real Estate Law?
Real estate law relates to the ownership, use, development and transfer of land, buildings, and other structures. Real estate can be for residential or commercial use. In addition, there are natural resource laws that regulate the ownership, use and extraction of natural resources found on or beneath a piece of land such a s surface or ground water, coal, minerals, metals, natural gas, and oil. Compliance with the complex laws governing real estate in Michigan can be challenging without the help of an experienced real estate attorney.
The professional legal team at Tina S. Gray, P.C., can help. The firm will answer your questions and provide legal representation involving:
- Buying and selling property
- Landlord-tenant relationships
- Zoning and land use regulations
- Airbnb and other vacation rental services
- Property taxes
- Foreclosure procedures
- Neighbor disputes
- Riparian rights
- Dispute resolution for boundaries, easements and title defects
- Contract drafting and enforcement of purchase agreements, leases and deeds
- Construction law
Tina S. Gray provides experienced leadership for the full scope of real estate concerns in Michigan.
What Is Michigan’s Real Estate Common Law, And Why Does It Matter?
Common law in Michigan real estate refers to case law that has set legal precedents established by the courts. It runs alongside statutory law written and enacted by the legislature. In Michigan, common law principles are particularly influential in property rights, landlord-tenant relationships, and easements.
For example, common law doctrines such as adverse possession allow individuals to claim land ownership under certain conditions if they have occupied it for a statutory period of time. Similarly, common law principles govern the interpretation of property deeds and disputes over boundaries. While statutory laws provide the framework and specific regulations, common law fills the gaps by relying on judicial decisions and historical practices to guide legal interpretations and outcomes. This dual system ensures a comprehensive legal landscape that adapts to new situations while respecting established traditions and precedents.
What Is The New Real Estate Commission Law About?
Michigan’s new real estate commission law aims to protect consumers from hidden fees or kickbacks and bring more transparency to the process of real estate transactions in the state. Among its provisions, the law mandates that real estate agents clearly show their commission rates to buyers and sellers before they sign any real estate agreement.
The law introduces a standardized format for these disclosures, making it easier for consumers to compare commission rates across different agents and agencies. By fostering a more competitive marketplace, the law is meant to drive down commission costs and ultimately benefit consumers.
Get Personalized Legal Representation For Your Real Estate Issue
Send an online inquiry or call Tina S. Gray, P.C., in Williamston at 517-275-5240 to schedule an appointment.