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The purpose of Act 425 is to provide for a means for two local units of government to share tax revenues resulting from new or expanding development in the areas of their jurisdiction. Most typically a city and a nearby township are the parties to such an agreement. Because of the limited ability for a city in Michigan to annex adjacent ...
Land contract. A land contract, (also known as contract for deed or agreement for deed ), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title to the property ...
A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental ...
The Michigan Natural Resources Trust Fund (MNRTF) has been in place since 1976 and provides financial assistance to local governments and the Department of Natural Resources to purchase land or rights in land for public recreation. It also assists in the appropriate development of land for public outdoor recreation.
Higher category: Law and Common law. v. t. e. A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1]
This category has the following 17 subcategories, out of 17 total. Landforms of Michigan by county (85 C) Bodies of water of Michigan (7 C, 3 P) Wetlands of Michigan (1 C, 12 P)
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