2006 Michigan Compiled Laws - Act 127 of 1999


URBAN HOMESTEAD ACT

Act 127 of 1999

AN ACT to create an urban homestead program; to permit certain local governmental units or nonprofit community organizations to create and administer urban homestead programs; to prescribe the powers and duties of certain state entities and local governmental units; and to provide for the disposition of personal and real property.


History: 1999, Act 127, Imd. Eff. July 23, 1999
Popular Name: Homesteading




The People of the State of Michigan enact:

DocumentDescription
Section 125.2701Short title.
Section 125.2702Definitions.
Section 125.2703Urban homestead program; availability of property to qualified buyers; resolution; designation of administrator by local government; appeals process to applicants and buyers.
Section 125.2704Eligibility of applicant to rent and purchase property; criteria; substance abuse testing; verification of school attendance.
Section 125.2705Application to rent property; lease agreement; provisions; conditions for deeding property.
Section 125.2706Disposition of rent receipts.
Section 125.2707Additional powers.
Section 125.2708Audit.
Section 125.2709Late or delinquent rent.

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