Michigan Compiled Laws
Act 115 of 2022 - Michigan Uniform Assignment of Rents Act (554.1051 - 554.1070)
Section 554.1056 - Assignment Enforcement Methods.

Sec. 6.
(1) An assignee may enforce an assignment of rents using 1 or more of the methods specified in sections 7, 8, and 9 or any other method sufficient to enforce the assignment under law of this state other than this act.
(2) From the first date of enforcement, the assignee or, in the case of enforcement by appointment of a receiver under section 7, the receiver, is entitled to collect all of the following:
(a) Rents that have accrued but remain unpaid on that date.
(b) Rents that accrue on or after that date, as those rents accrue.
(3) From the first date of enforcement, a modification of the rental agreement is not binding on the assignee without the written consent of the assignee.
History: 2022, Act 115, Eff. Sept. 22, 2022

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 554 - Real and Personal Property

Act 115 of 2022 - Michigan Uniform Assignment of Rents Act (554.1051 - 554.1070)

Section 554.1051 - Short Title.

Section 554.1052 - Definitions.

Section 554.1053 - Assignment; Notification; Method; Proper Address Rules.

Section 554.1054 - Assignment of Rents; Enforceable Security Interest; Discharge; Foreclosure; Applicability.

Section 554.1055 - Recording With Register of Deeds; Perfected Security Interest; Priority.

Section 554.1056 - Assignment Enforcement Methods.

Section 554.1057 - Appointment of Receiver; Petition; Priority of Receivers.

Section 554.1058 - Demand Notice to Assignor for Collection of Rents; Notification Requirements.

Section 554.1059 - Demand Notice to Tenant for Payment of Rents; Notification Requirements.

Section 554.1060 - Notification to Pay Rents to Person Other Than Landlord; Form.

Section 554.1061 - Effect of Enforcement of Assignments of Rent.

Section 554.1062 - Collection of Rent Proceeds; Use of Funds.

Section 554.1063 - Exception for Use of Collection of Rents; Protection of Rights.

Section 554.1064 - "Good Faith" Defined; Collection by Assignor; Remedies; Priority.

Section 554.1065 - Perfection of Security Interests; Priority Rules in Article 9.

Section 554.1066 - Priority Subject to Subordination.

Section 554.1067 - Promotion of Uniformity.

Section 554.1068 - Electronic Signatures.

Section 554.1069 - Applicability of Act.

Section 554.1070 - Repeal of Certain Acts.