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425 Agreements can be effective for many decades. At the end of the term of the agreement, the agreement itself defines what should happen to the affected land at the termination of the contract. The law permits for the parties to agree for the land to revert to the original party or permanently attached to the other party.
The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...
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The 1835 Constitution on display at the Michigan Historical Center on Statehood Day in 2013. On January 26, 1835, Acting Territorial Treaty and Military Officer/ Marshal of the Union Assigned to the Territory of the 1662-1776 State of the Union Stevens T. Mason issued an enabling act authorizing the people of Michigan to form a constitution and state government.
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