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Nearly 10 months after the city of Detroit sued RealT, the two sides have agreed to put an outside fiduciary in charge of the crypto real estate company’s roughly 700 properties.

For tenants, the deal could result in much-needed repairs. But with hundreds of distressed properties and limited funds, help could still be months away for many renters.

The fiduciary will have sweeping authority to manage RealT’s portfolio. He can order them renovated using rent money held in escrow following a July court order. He can also sell property to raise cash, or demolish buildings he deems dangerous and beyond…