What is the statute of limitation for enforcing a written contract in real estate in Michigan?

The statute of limitations for enforcing a written contract in real estate in Michigan is six years. This means that if a party wishes to enforce the terms of a written contract, they must do so within six years from the date of the breach or the date when the enforcement of the contract would have been required.

This six-year period is significant because it establishes a clear timeframe for legal actions related to real estate contracts, allowing all parties involved to have certainty regarding their rights and obligations. After this period, a party may be barred from bringing a lawsuit to enforce the contract, which helps in resolving disputes and promoting timely transactions.

While the other options suggest shorter or longer statutes of limitation, they do not reflect the current legal standard set forth under Michigan law. Understanding the correct statute of limitations is crucial for real estate professionals as it affects how they advise clients regarding contract enforcement and potential legal recourse.