Having to evict a tenant is a position that no landlord wants to be in, but that every landlord should be prepared for. In the event that you need to evict a client, it may be important for you to move fast in order to prevent further damage to your property. This means that you… Read more »
Detroit Offers Tax Breaks to Affordable Housing Developers
In recent years, it’s become fairly common to hear local officials and journalists talk about the idea of a “renaissance” in Detroit. It’s true that downtown Detroit is undergoing some very positive changes, but sometimes urban renewal can have unintended negative consequences on a city’s most vulnerable residents. In San Francisco, for example, rapid commercial… Read more »
Historic Midtown Apartment Building Undergoes Renovations
Another historic building in Midtown Detroit is getting a new lease on life thanks to a multi-million dollar investment from its new owners. The former Milner Arms apartment building, now known as The Hamilton, is currently in the process of undergoing a $12 million renovation that is scheduled to be complete in the fall of… Read more »
Detroit Offers Educators a 50 Percent Discount on Housing
It can be difficult to buy a home on a teacher’s salary, but this year the city of Detroit made it a little easier for educators to find affordable housing. Recently, Mayor Mike Duggan announced that local educators can now take advantage of a program which grants steep discounts to city employees who buy homes… Read more »
Detroit City Council Approves New Rental Property Ordinance
Earlier this month, the Detroit City Council voted unanimously to approve new, stricter regulations for rental property owners. Under the terms of the new ordinance, tenants can now legally withhold rent payments from landlords if their properties are not in compliance with city code. Although landlords in Detroit are required to register their rental properties… Read more »
Inventory Decline Drives up Housing Prices in Metro Detroit
If you’ve been keeping an eye on the housing market in Detroit this year, you may have noticed a surprising upward trend in housing prices across the region. According to the Detroit Free Press, housing prices in August were up 7.2 percent compared to the same time last year. Furthermore, housing prices were up by… Read more »
Foreclosure Rates Finally Fall Below Pre-Recession Levels
The statistics released by ATTOM Data Solutions show that there were more than 230,000 foreclosure filings through the first three months of 2017 in the U.S., And while that might seem like a high number, it actually represents an 11 percent dip from the final quarter of 2016 and a 19 percent dip when compared… Read more »
Navigating the Michigan Eviction Process
If you are a landlord, owner or property manager, you may have to deal with evicting one of your tenants. Eviction may be necessary for many reasons. It can be because of late rent, the property being damaged by the tenant, or many other circumstances. Whatever the reason, there is a clearly defined legal process… Read more »
Investing in Real Estate? Consult Us First!
Are you buying or selling a commercial or residential property? Don’t make a purchasing decision without consulting the team at The Law Offices of Aaron D. Cox PLLC first to ensure that the process goes smoothly and free of legal complications. There are many reasons as to why you shouldn’t go through the process of… Read more »
What Can’t Be in a Lease
If you own or manage an apartment or other property, it is essential that you understand your contracts inside and out. It is important to know the language in your leasing agreement from front to back to make sure that there is nothing within it that is questionable, false or even illegal for your tenants…. Read more »