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Providing Legal Services Since 1901
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120 W. Michigan Ave.
Suite 1500
P.O. Box 766
Jackson, MI 49201
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When does the Seller's Disclosure Act Apply?
The Seller's Disclosure Act (the "Act") applies to all transfers of interest in residential real property, including multi-unit residential properties of up to 4 units, including:
Sales
Exchanges
land contract
Leases with option to purchase
Transfers of stock in a residential cooperative
Ground leases coupled with proposed improvements by purchaser
All other purchase options