Tag: deed restrictions
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Deed Restrictions as Affordability Tools
Vacation Town Residents Get Paid to Live in Their Homes Park City, Utah is a tourist mecca. It’s known for the Sundance Resort, with its famous Sundance Film Festival. Need we say it’s a town full of vacation rentals? Two-thirds of Park City’s homes have no one living in them. The supply of homes for…
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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…
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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,…
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Is Moving to a 55+ Community a Good Decision?
You or someone you know may be one of the generation of people aged 55+. And you might be thinking about downsizing or moving to a 55+ community. Here, we orient curious readers with the pros and cons, and go over the deed restrictions to understand before and after buying in.
