How does Michigan law define a principal residence?

In the context of Michigan law, a principal residence is defined as the primary place of domicile for an individual. This means it is the main home where a person resides and considers their permanent home for legal purposes, such as voting or tax assessments. The significance of this definition lies in various legal and tax implications, including eligibility for certain tax exemptions, such as the Michigan Homestead Property Tax Credit.

The other options presented do not align with the legal definition of a principal residence. A home that is rented out does not serve as a primary domicile for the owner. A second home for relaxation, while potentially important to its owner, is not the main residence and thus does not qualify. Finally, a property held in trust, depending on its use, may not necessarily be the primary residence of the individual, as it can be part of an estate without being the individual’s domicile. Therefore, the correct answer accurately captures the essence of what constitutes a principal residence under Michigan law.