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August 11, 2022
The Impact of Michigan’s Uniform Assignment of Rents Act on Tenants’ Rights
Taking effect on September 22, 2022, the Michigan Uniform Assignment of Rents Act (MUARA) will impact tenants’ rights in situations where landlords default on their loans. This Act also strengthens lenders’ rights, under certain circumstances, to appoint receivers to collect rent payments if one of their borrowers defaults on a loan secured by an income-producing property. Read More ›
Categories: Alerts and Updates, Did you Know?, Landlord-Tenant
Posted by: Scott H. Hogan, Destiny R. Sykes (Summer Associate)
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