Recent Decision Upholds Homestead Exemption for Short-Term Rentals
Author: Dane Carey In Rentschler v Township of Melrose, No. 33633, the Michigan Court of Appeals ruled in favor of a homeowner who claimed he was entitled to a homestead exemption on property that he rented for more than 14 days in a year. Michigan’s Principal Residence Exemption (PRE), also referred to as the “homestead” exemption, exempts…