QUESTION
How long before we can foreclose for nonpayment?
Asked on Aug 15th, 2014 on Landlord and Tenant Law - Michigan
More details to this question:
A tenant is continuing to be late on their payment. I would like to foreclose to resale to an investor.
1 ANSWER
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James T. Weiner, P.C.
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This depends upon the lease and the local authorities.. Is the tenant merely late or is the tenant behind in their rent? If merely late.. check the lease and bill them for all of the associated late payment fees.. (assuming the lease allows it)..if the tenant is behind.. send a 7 day notice pursuant to the landlord tenant act.
Answered on Aug 18th, 2014 at 12:01 PM