Abandoning Commercial Property
Question: Is there a legal way to abandon the property? What are legal ramifications of abandoning?
I have a commercial property in Benton Harbor, Michigan that I was leasing for 15 years. During the last four years I have not been able to lease or sell. The property is mortgage free.
Answer: If you don't pay the real estate taxes for 2 years the state will sell the property at a tax sale. There are very few ramifications. If you don't want the property, this should get rid of it for you.
Attorney: Mark Miller