Michigan Laws 125.525 – Registry of owners and premises; transfer of ownership
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Terms Used In Michigan Laws 125.525
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- dwelling: is a ny house, building, structure, tent, shelter, trailer or vehicle, or portion thereof, (except railroad cars, on tracks or rights-of-way) which is occupied in whole or in part as the home, residence, living or sleeping place of 1 or more human beings, either permanently or transiently. See Michigan Laws 125.402
- Enforcing agency: means the designated officer or agency charged with responsibility for administration and enforcement of this act. See Michigan Laws 125.402a
- multiple dwelling: is a dwelling occupied otherwise than as a private dwelling or 2 family dwelling. See Michigan Laws 125.402
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: includes a corporation as well as a natural person. See Michigan Laws 125.402
- shall: is a lways mandatory and not directory, and denotes that the dwelling shall be maintained in all respects according to the mandate as long as it continues to be a dwelling. See Michigan Laws 125.402
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) The enforcing agency may maintain a registry of owners and premises regulated by this act.
(2) If the enforcing agency maintains a registry of owners and premises, the owner of a multiple dwelling or rooming house containing units that will be offered to let, or to hire, for more than 6 months of a calendar year shall register with the enforcing agency the owner’s name, the address of the owner’s residence or usual place of business, and the location of the multiple dwelling or rooming house. The owner shall register within 60 days following the day on which any part of the premises is offered for occupancy.
(3) If the premises are managed or operated by an agent, the agent’s name and place of business must be entered with the name of the owner in the registry under subsection (2).
(4) A transfer of ownership to another person is not a change of ownership for purposes of this act if the owner, owners, trustors, grantors, or members of the transferring person are the same as the owner, owners, trustees, grantees, or members of the recipient person, or both the transferring person and recipient person are under common control, and the property being transferred was inspected in accordance with this act during the 2-year period immediately preceding the date of that transfer or a longer period if previously determined by a local municipality inspection ordinance. As used in this subsection, “person” means an individual or a corporation, limited liability company, partnership, limited partnership, limited liability partnership, limited liability limited partnership, trust, individual retirement account, or other legal person recognized in this state.