WHO IS RESPONSIBLE FOR CARRYING INSURANCE ON A CONDOMINIUM?

WHO IS RESPONSIBLE FOR CARRYING INSURANCE ON A CONDOMINIUM?

Introduction For many people, purchasing a home is the largest investment they will make in their lifetime. While owning real estate should be considered an investment, it should also be viewed as a risk. Aside from the risk that the property will decrease in value,...
CAN YOU TERMINATE A CONDOMINIUM UNDER THE MICHIGAN CONDOMINIUM ACT?

CAN YOU TERMINATE A CONDOMINIUM UNDER THE MICHIGAN CONDOMINIUM ACT?

The Michigan Condominium Act, MCL 559.101, et seq., contains specific procedures for the termination of a condominium. If a developer has not sold any condominium units, MCL 559.150 permits the developer to unilaterally terminate a condominium project. If the...
MCL 559.201 AND MICH ADMIN R 559.511: IS YOUR RESERVE FUND UNDERFUNDED?

MCL 559.201 AND MICH ADMIN R 559.511: IS YOUR RESERVE FUND UNDERFUNDED?

Introduction In Michigan, the laws related to the governance of the formation and operation of condominium projects are found in the Michigan Condominium Act (the “Act”), MCL 559.101, et seq. MCL 559.205 of the Act requires a condominium association to maintain a...
The Difference Between General and Limited Common Elements in Traditional and Site Condominiums in Michigan

The Difference Between General and Limited Common Elements in Traditional and Site Condominiums in Michigan

In Michigan, condominiums consist of either units or common elements. Common elements are further subdivided into two categories: general common elements and limited common elements. Under most Michigan condominium documents, the difference between general common...
How to Revive a Defunct Michigan Homeowners Association

How to Revive a Defunct Michigan Homeowners Association

When a developer starts a project in Michigan, often it is easier/cheaper to create a site condominium or a homeowner’s association (“HOA”) rather than platting single family homes. As the developer sells enough units, control of the site condominium or HOA transfers...