Real Estate Articles
Using a “drop-down LLC” to sell real property has become popular in Michigan’s commercial real estate industry. This popularity is driven by the seller’s desire to escape substantial transfer taxes imposed by the State of Michigan on a traditional sale. So how does a “drop-down LLC” transaction work?
Licensing requirements for residential builders and maintenance and alterations contractors, as well as penalties for failure to comply with the licensing requirements, have increased significantly due to new legislation that was signed into law on December 20, 2007.
An Overview of Contrasting Objectives If you are, or your company is, a landlord, tenant, or a lender with a loan secured by a landlord's real estate, the odds are high that you have encountered a subordination, non-disturbance and attornment agreement (commonly referred to as an "SNDA Agreement").