Transparency breeds Legitimacy:  3 Tips for your Condominium Association to avoid a Lawsuit

Transparency breeds Legitimacy: 3 Tips for your Condominium Association to avoid a Lawsuit

Many condominium board members volunteer to serve their condominium association for altruistic purposes. While often well intentioned, it is not uncommon for board members to not have any training that would make them aware of potential pitfalls that commonly entangle...
MCL 559.157 – Has your Michigan Condominium Association had its books, records and financial statements reviewed by a Certified Public Accountant?

MCL 559.157 – Has your Michigan Condominium Association had its books, records and financial statements reviewed by a Certified Public Accountant?

The Michigan Condominium Act was amended in 2014 to impose additional requirements on condominium associations with respect to financial record keeping and encourage transparency.  Prior to 2014, the annual audit or review of an association’s books, records and...