Can Condo Buyers Freely Work in, Sell, and Rent Their Condos?

A condo for sale? That’s an opportunity for a buyer to acquire a deed, start building equity…and maybe even attain financial freedom. Some first-timer buyers who want a foothold on the ownership ladder jump on a condo listing for precisely that reason.

To some, condo deeds represent long-term homes and investments. To others, condos are perfect for downsizing. In any case, questions arise for the condo shopper. Questions like: Can I use the condo itself to earn income?

Here, we break down this and related condo queries.

Continue reading “Can Condo Buyers Freely Work in, Sell, and Rent Their Condos?”

Michigan Deed Holders: Your Property Rights Could Change

Living in Michigan? It’s time to check your deed restrictions. Michigan deed holders should know that changes made to the state’s Marketable Record Title Act (MRTA) took effect March 29, 2024. And there’s a new deadline to record a notice under the MRTA.

KEY POINT TO KNOW: Michigan deed holders now have until September 29, 2025 to keep certain conditions on their deeds that originated 40+ years back. Otherwise, the law will effectively delete certain longstanding “rights and interests” including deed covenants, restrictions, and easements — by letting them sunset.

Now, let’s go into some details about deeds, restrictions on deeds, and how Michigan’s changes could apply to you and/or your homeowner’s association.

Continue reading “Michigan Deed Holders: Your Property Rights Could Change”