Proposed Michigan Bills that will Impact Real Estate Investors

The Rental Property Owners Association (RPOA) has released a list of bills being considered by the state that would impact those involved in real estate. The impact is mostly mild, but some COVID-19 protections for tenants are still being sought.

• HB 4060 Economic Development (Hammoud) – Creates center for microenterprise development. Introduced (1/28/2021; To Commerce and Tourism Committee) View bill.
• HB 4123 Water Assistance Funds (Griffin) – Modifies use of clean water assistance and safe drinking water assistance funds for energy efficiency water works projects. Introduced (2/4/2021; To Natural Resources and Outdoor Recreation Committee) View bill.
• HB 4180 Rent Payments (Anthony) – Allows use of security deposit to pay rent during a declared emergency. Introduced (2/9/2021; To Regulatory Reform Committee) View bill.
• HB 4181 Evictions (Anthony) – Prohibits residential evictions during the COVID-19 state of emergency. Introduced (2/9/2021; To Judiciary Committee) View bill.
• HB 4183 Tenants (O’Neal) – Requires condemnation notifications to tenants. Introduced (2/9/2021; To Regulatory Reform Committee) View bill.
• HB 4185 Property Taxes (Hood) – Waives interest and penalties for summer 2020 property taxes for certain businesses. Introduced (2/9/2021; To Local Government and Municipal Finance Committee) View bill.
• SB 58 Water (Irwin) – Requires cleanup to residential and safe drinking water standards under the Natural Resources and Environmental Protection Act unless technically infeasible. Introduced (1/28/2021; To Environmental Quality Committee) View bill.
• SB 112 Property Taxes (Brinks) – Waives for businesses interest and penalties for summer 2020 property taxes under the General  Property Tax Act. Introduced (2/9/2021; To Appropriations Committee) View bill.

Although HB 4180 Rent Payments will allow security deposits to be used for rent in the event of a declared emergency, this is only possible if the landlord agrees. HB 4181 Evictions extends a landlord’s inability to put forth a “nonessential” eviction while the Covid-19 emergency is declared, and likewise prevents a court from accepting the filing.

Those impacted are encouraged to contact their state representative to express their concerns.

Photo by Ian Hutchinson on Unsplash