Michigan Laws 213.69 – Agreement on compensation or method of determining compensation
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 213.69
- Agency: means a public agency or private agency. See Michigan Laws 213.51
- Contract: A legal written agreement that becomes binding when signed.
- Owner: means a person, fiduciary, partnership, association, corporation, or a governmental unit or agency having an estate, title, or interest, including beneficial, possessory, and security interest, in a property sought to be condemned. See Michigan Laws 213.51
At any stage of the proceedings, the agency and the owner may agree upon all or part of the compensation, or upon a method for determining all or a part of the compensation, and may proceed to have those parts not agreed upon determined as provided in this act. The agency may make payment of a part of the compensation agreed upon, or enter into a contract to pay in the future based upon an agreed method of determining the compensation.