Property: land sales; seller disclosure statement; require to include upcoming municipal assessments or fees. Amends sec. 7 of 1993 PA 92 (MCL 565.957).

Summary

The bill adds a requirement to the existing seller disclosure statement for land sales, mandating that sellers disclose any upcoming municipal assessments or fees. It affects property sellers and prospective buyers by ensuring buyers know about future local charges before purchase. The aim is to increase transparency and protect buyers from unexpected costs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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