Michigan Laws > Chapter 123 > Act 226 of 1988 – Leasing of Private Residential Property
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| § 123.411 | “Local governmental unit” defined; rent control prohibited; management and control of residential property; incentive to increase supply of certain residential property |
Terms Used In Michigan Laws > Chapter 123 > Act 226 of 1988 - Leasing of Private Residential Property
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.