Michigan § 565.882 Transfer fee covenant; effect.

Michigan Statutes

§ 565.882 — Transfer fee covenant; effect.

Michigan § 565.882

Ch. 565CONVEYANCES OF REAL PROPERTY

Act 34 of 2011TRANSFER FEE COVENANTS ATTACHING TO NONRESIDENTIAL REAL PROPERTY (565.881-565.884)

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Bluebook

Mich. Comp. Laws § 565.882 (2026).

Text

TRANSFER FEE COVENANTS ATTACHING TO NONRESIDENTIAL REAL PROPERTY (EXCERPT) Act 34 of 2011 565.882 Transfer fee covenant; effect. Sec.

2.A transfer fee covenant that is executed on or after the effective date of this section, whether or not recorded, does not run with the title to real property and is not binding on or enforceable against any subsequent owner, purchaser, or mortgagee of any interest in the real property as an equitable servitude or otherwise.

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TRANSFER FEE COVENANTS ATTACHING TO NONRESIDENTIAL REAL PROPERTY (EXCERPT) Act 34 of 2011 565.882 Transfer fee covenant; effect. Sec. 2. A transfer fee covenant that is executed on or after the effective date of this section, whether or not recorded, does not run with the title to real property and is not binding on or enforceable against any subsequent owner, purchaser, or mortgagee of any interest in the real property as an equitable servitude or otherwise.