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This page was last edited on 19 November 2019, at 19:20 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...
A charter township is a form of local government in the U.S. state of Michigan.While all townships in Michigan are organized governments, a charter township has been granted a charter, which allows it certain rights and responsibilities of home rule that are generally intermediate between those of a city (a semi-autonomous jurisdiction in Michigan) and a village.
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 contracts) cover such rentals since they typically do not result in recordable deeds .
The state of Michigan is largely divided in the same way as many other U.S. states, but is distinct in its usage of charter townships. Michigan ranks 13th among the fifty states in terms of the number of local governmental entities. The state is divided into 83 counties, and further divided into 1,240 townships, 280 cities, and 253 villages.
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.
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