
Jeffrey J. McManus
Attorney - Of Counsel
Practice Areas
Jeffrey J. McManus practices in the areas of real estate and condominium law, business law, and estate planning. In addition to being a practicing attorney for 30 years, Jeff is also a licensed real estate broker. He most recently served as a sole practitioner under the firm name Land & Estate Planning Services P.C.
In his spare time, Jeff enjoys golfing, boating, traveling, cycling, and spending time with his family. He's married to Sydney McManus and has four children: Sara, Brian, Declan, and Alexandra.
Education
- Central Michigan University (B.S, 1973)
- Wayne State University (J.D., 1977)
Admitted to Practice
- State Bar of Michigan, 1977
Client Successes for Jeffrey J. McManus
- 10/1/2007
Jeff McManus represented the purchaser of the developer's rights in an existing upscale RV park in Acme, Michigan, as well as adjacent land that had been set aside for future development area. The individual RV lots at the time of purchase were selling for approximately $65,000 per lot. The initial development was for 130 units. The purchase price for the existing 65 lots as well as the future development area and improvements on adjacent property owned by the developer was $4,000,000. Jeff's involvement in this transaction consisted of negotiating a complicated purchase and sale agreement on behalf of the purchaser which included not only a purchase of the real estate but also negotiation of a covenant not to compete, asset allocation, assignment of purchase contract rights for the sale of existing units which were under contract but would not have closed by the date of our client's takeover, and assignment of developer's rights. A complicating twist to this transaction was the purchaser's desire to have the ability to create an additional 220 units into an area designated in the Master Deed as a future development area. Our clients wanted to be able to make this expansion without the need to have existing unit owners participate in the condominium amendment process. After significant negotiation, Jeff was able to persuade the title company to insure that the developer did have the right to expand the project into the future development area without further co-owner approval. His successful negotiation allowed our client to close the transaction with excellent prospects for a good profit based on sales of units in the expansion area.
News for Jeffrey J. McManus
7/20/2007
McManus Joins Smith Haughey and Expands the Firm's Real Estate Law Department
Professional Affiliations
- State Bar of Michigan
- Grand Traverse-Leelanau-Antrim Bar Association
- Michigan Association of Realtors
- National Association of Realtors
- Home Builders Association of the Grand Traverse Area
Community Affiliations
- Grand Traverse Economic Club
- Grand Traverse Resort Club
