In recent months, tall buildings, development, and affordable housing have been at the epicenter of discussion and debate in the Traverse City community. Traverse City’s economy is based, in large part, on the service industry and light manufacturing, but property values are driven by the high demand for residential real estate. This unique dichotomy has created a housing imbalance and…
Category: Land Use
The Dingeman & Dancer Blog consists of articles, news, and press releases written and edited by the attorneys and legal professionals at our firm, providing updates on both recent legal developments and established advice and guidance. Choose from the various topics listed in the sidebar menu to narrow in on a particular focus.
A recent change in Michigan law offers important new planning opportunities for owners of cottages and other residential family property. The change has made it significantly easier to transfer residential real estate (including recreational lands) from one generation to the next without unfavorable tax consequences. Specifically, the recently enacted law provides new exemptions for residential…
What happens when a condominium project is left in an incomplete stage of development? What effect does it have upon those who have already purchased a condominium? These questions have become far more common since the economic downturn. Michigan’s Condominium Act provides the legislative authority for the creation of a real property interest known as…