Court Credits Landlord for Replacement Tenant Rent
Michigan Business Court found a former commercial tenant can receive offset credit for rent a replacement tenant paid, even above the original monthly rent.
Michigan Real Estate News
Real estate in Michigan runs on housing market trends, property development, and sales activity, and coverage here follows all of it. Reporting focuses on residential inventory and the changing conditions for buyers and sellers across the state.
Commercial
Michigan Court Upheld Commercial Loan Enforcement
A federal court ruled that a $10 million promissory note is enforceable under Michigan state law.
Residential
Live Poll
Do you think local banks are treating their workers fairly during layoffs?
Northpointe Bank Cuts 338 Jobs in Michigan
The Grand Rapids lender filed a WARN notice covering three sites as it sells its residential mortgage origination business to CMG Financial.
Apartments
Live Poll
Should tenants be excused from rent if their landlord's property is uncertified?
Court Voids Leases at Uncertified Michigan Rentals
A unanimous Michigan Court of Appeals panel held that leases for rental properties lacking required certificates are invalid and unenforceable.
Coverage takes in home price shifts, commercial developments, construction projects, and housing affordability concerns. It extends from the capital to the rural counties where development and land use vary widely. Shifts in interest rates and inventory levels often define the seasonal patterns of the market. Regulatory changes at the state level and shifts in the regional economy remain the primary drivers of long-term development.