Tag: real estate

But I Never Received Notice!

A few years ago, I received a call from an elderly client (let’s call him “Fred”) in a panic. Fred told me that he went out to his lake cottage one spring for the first time since winter and…

Read More

Eva Cantarella Sworn In As A CBOR Director

Hertz Schram Partner Eva Cantarella was sworn in as one of five new Directors of the Michigan Commercial Board of REALTORS (CBOR) during a board meeting on July 25. She will serve a three-year term as a Director. CBOR “…is the…

Read More

Considering Not Filing the Property Transfer Affidavit? Don’t Even Think About It!

Prior to 1995, real property in Michigan was taxed at its “assessed value”; that is, at 50% of its true cash value, which Michigan courts deem synonymous with fair market value. This meant that taxes on real property went…

Read More

Who Is the “Party In Interest” When Appealing Property Tax Assessments?

It’s not always as straight forward as you might think! JMC v. City of Grand Rapids, 2015 Mich. App. LEXIS 953 (May 12, 2015), highlights the importance of knowing the “party in interest” with the right to appeal a Michigan…

Read More

Real Probate? A Successful Combination in Law

Many lawyers have multiple specialties that seem to go hand in hand. People often think of lawyers with dual specialties as having only one. Tax AND estate planning, medical malpractice AND personal injury, corporate AND securities are but a…

Read More

Utility Companies May Install “Smart Meters” on Customer Property Without Permission

Last week’s Michigan Court of Appeals decision in Stenman v. Stenman, Docket Number 321203, provides a cautionary tale: You do not always have absolute control over your own property. In Stenman, the court recognized the broad authority of a public utility…

Read More

REITs contribute to commercial real estate stability in Michigan

Most are aware of the recent housing bubble in the U.S., which caused strife across the nation’s economy. However, there may be many in Michigan and other states who do not realize that an entire portion of the real…

Read More

Commercial real estate developer may acquire historic property

People Place Significant Importance On Historical Landmarks And Will Create Public Policies Geared Toward Preserving These Landmarks If Possible. However, due to the nature of historical landmarks, it can be costly to maintain the properties, especially if a property has…

Read More

New owners of commercial real estate obtains help from city

When a company purchases a large piece of commercial property, it has to conform to the rules and regulations of the city government. However, many times the city government will also proactively help the new owner of commercial real…

Read More

Smart grids help jump start commercial real estate in Michigan

There are a variety of factors which could affect the local real estate market. Some of these factors could include recent economic fluctuations, unemployment rates and even natural disasters affecting the local areas in Michigan. However, one…

Read More

Awards and Accolades