June 2020

An informative e-newsletter for the Real Property Law Section of the State Bar of Michigan.

Seller Disclosure Act and COVID-19

Seller Disclosure

By Brad Lambert, LAMBERT LAW

As the real estate market reopens in Michigan, one issue which will arise concerns the duty of house sellers to disclose the presence of COVID-19 or other infectious diseases on their property.

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Increased Vacancies Require Immediate Action to Limit Increased Risks

Increased Vacancies

By Ethan A. Gross, Globe Midwest Adjusters International

The vacancy rate in commercial buildings is increasing and will continue to increase as the full economic impact of the COVID-19 pandemic continues to unfold. Many businesses that are also tenants are losing substantial income as a result of the state mandated shutdowns. Vacant buildings have a higher risk of suffering a loss. Even partial vacancies may impact insurance coverage, increasing the building owner’s risk of suffering uninsured, or underinsured, damage to their property. As counsel for building owners and managers it is important that you understand these risks and how to protect against them. 

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Follow the Rules for Online Closings

Follow the RulesBy Pat McVeigh and David Grigg, Liberty Title

The COVID-19 “lockdown” has pushed much of the real estate world into online platforms at a breakneck speed. While it is now possible to close a transaction entirely online, don’t forget the basics and jeopardize a transaction.

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Legislative Report

Join a Committee!

Take the opportunity to get involved by writing for one of our publications, presenting at a conference or seminar, or joining one of the committees that cover virtually every area in real estate law. See our committees and how you can join or see the committees you're already subscribed to.

Note to Committee Members:
Communication settings for RPLS Special Committee members have been changed to "Daily Digest." This means when a message is posted on your Committee page, you will receive the message the day after it is posted.


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Sponsored by the Real Property Law Section of the State Bar of Michigan

 

Grand Rapids

J.W. Marriott
235 Louis Street NW, Grand Rapids, MI 
September 20-21, 2022
9:00 a.m.–4:00 p.m.

Metro Detroit - Troy

Michigan State University-Management Education Center
811 W. Square Lake Rd., Troy
May 10-11, 2023
9:00 a.m.-4:30 p.m.

Real Property Law Academy II is the continuation of a program being taught by some of the most respected and experienced Michigan real estate attorneys, each an expert in their field. The overall program (Academy I and Academy II) is designed to provide a basic understanding of the most fundamental aspects of a real estate practice. It is targeted not only for real estate attorneys, but also for other attorneys who will encounter real estate issues from time to time. The program is presented in two parts: Academy I, which recently concluded, and Academy II. Each part presents eight topics over a consecutive two-day period.

Attendance at Academy I is not a prerequisite for attending Academy II, though it is highly recommended that you attend both Academy I and Academy II to get the full benefits from the program.

Registration for Academy I materials and a link to the recorded virtual program coming soon.

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Law Firm Registration

 

Write an Article

Interested in writing an article for the e-Newsletter? Contact co-editors Glen Zatz gzatz@bodmanlaw.com, Samuel Kilberg at SKilberg@dykema.com, or Pat Paruch pat.paruch50@gmail.com.

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The views and opinions expressed in these articles are those of the authors, and they do not reflect in any way the positions of the State Bar of Michigan or the Real Property Law Section. These columns are meant for informational purposes only and should not be construed as legal advice. IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, by any person for the purpose of (i) avoiding tax-related penalties or (ii) promoting, marketing, or recommending to another person any transaction or matter addressed in this communication.