Ingham County Real Estate Auction

C.) this restriction is given and declared for the benefit of the Owner, the Property, the community in which the Property is located, and the Treasurer has the right to enforce the restriction at law or in equity to prevent a breach of the restriction or to compel compliance with the restriction, D.) during its term, this restriction may not be amended or terminated unless it is done so in a written instrument that is signed by both the Owner and the Treasurer and recorded in the real estate records maintained by the Ingham County Register of Deeds, E.) this restriction will terminate immediately and automatically twenty (20) years after its date unless, within the last five (5) years of the restriction, the restriction is extended for an additional period of up to twenty (20) years by a written instrument that is signed by the Treasurer and recorded in the real estate records maintained by the Ingham County Register of Deeds, and F.) the rights of the Treasurer under this declaration may be exercised by the Treasurer and the Treasurer’s successors and assigns.

Certain parcels of historic value will also contain and be subject to the following additional restriction:

No demolition, construction, alteration, remodeling, or any other activity shall be undertaken or permitted to be undertaken on the Property which would affect historically significant exterior features. Exterior construction materials, architectural details, form, fenestration, scale and mass should not be adversely affected nor the structural soundness or setting altered without prior written permission of Preservation Lansing affirming that such reconstruction, repair, refinishing, rehabilitation, preservation, or restoration will meet The Secretary of the Interior’s Standards for the Treatment of Historic Properties set forth in 36 CFR Part 68.

Furthermore the Treasurer, at his discretion, may require that, as a prerequisite to closing a sale for a parcel within the City of Lansing, the Buyer will have to provide a copy of a filed City of Lansing Rental Housing Application, with a receipt of the appropriate filing fee, if said Buyer is not providing an OOC. All Buyers should consider that they may have to provide an OOC or proof of completion and payment of a City of Lansing Rental Housing Application when bidding at the Auction. The Treasurer may, at his own expense and discretion, provide a warranty deed and title insurance to any auction purchaser willing to sign an OOC.

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