What does the Michigan Marketable Title Act primarily address?

The Michigan Marketable Title Act primarily focuses on the establishment of clear title to property. This act allows for the simplification and continuity of title to real estate by providing a mechanism for the determination of marketable title. It aims to eliminate old claims, interests, and defects that could cloud the title and hinder a property owner from proving ownership, thereby ensuring that buyers can obtain reliable and marketable titles without the burden of historical title issues.

By providing a 40-year historical period during which claims may be asserted, the act effectively ensures that properties with clear, unbroken titles are easier to buy and sell. This contributes to smoother transactions in real estate and helps bolster buyer confidence in their property investments.

The other options, while relevant to real estate, do not capture the primary focus of the act. For instance, requirements for real estate contracts, legal implications of property boundaries, and zoning regulations deal with specific aspects of property management and governance but do not address title clarity and the marketability of property in the same way that the Marketable Title Act does. Therefore, the emphasis on establishing clear title is what defines the essence and primary function of this act.