Archived
Can i sign new lease under same restaurant name if partners dont want to continue at the end of the new lease? what can happen?
Brook's answer
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Answered on October 25, 2014
Your questions are all excellent but the sort of business planning advise that you are seeking is beyond the scope of this site. You need to hire...
Archived
If a lease is in an entity name but personally guaranteed by individual do you have to sue entity before going after guarantor?
Brook's answer
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Answered on October 24, 2014
The wording of the guarantee is important. It should say that it is a "guarantee of payment" and not collection. Additional language can be added...
If a land contract buyer, who is in default, moves out -- how does seller get land contract cleared from the county register?
Brook's answer
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Answered on October 24, 2014
If the Buyer is leaving voluntarily, the easiest approach would be for the Buyer to sign a quitclaim deed, which can then be recorded. If the...
Selected as the best answer
In the state of Michigan does a quit claim deed have to be signed by the two grantees and witnessed when it is notorized?
Brook's answer
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Answered on October 23, 2014
There is no requirement that a deed by signed by the grantee(s) [the person(s) receiving title to the property]. It must be signed by all grantors...
Archived
I got a property tax bill for unpaid 2012 taxes on a house I sold in Michigan in October, 2013. Is the Title company liable?
Brook's answer
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Answered on October 23, 2014
The information regarding the amount of the tax and your payment is usually available online through the municipality's website. This is true in...
Archived
How can we set up a consensual Non-Purchase-Money Security Interest Lien against our real estate in Washtenaw County, MI?
Brook's answer
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Answered on October 22, 2014
What you need is a mortgage. Unless there are unusual circumstances, it should take a real estate attorney an hour or two to draft.
Archived
Is my llc worth anything or is buying it a loss?
Brook's answer
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Answered on October 21, 2014
The quick answer to your questions are yes, you can repurpose an LLC for use in connection with another business or businesses. Whether you...
Archived
If a husband buys property under a business name that includes a partnership of someone else, does the wife have dower rights?
Brook's answer
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Answered on October 19, 2014
No dower rights in property owned by an entity or with others in a partnership
Am I liable for outstanding utility bills that my now defunct LLC owes?
Brook's answer
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Answered on October 17, 2014
Mr. Atchley is correct, you will only be personally liable if you guaranteed the debt, ordered the service in your own name and only switched the...
Real estate -- land contract vs promissory note
transfer of condo to family member
Brook's answer
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Answered on October 15, 2014
As to your first question a promissory note is not necessary. like many situations where a lawyer might be involved, you don't have to use an...
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