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, every homeowner should consider the risk that the property could be destroyed, as well as
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As previously discussed in, Amendment to the Marketable Record Title Act puts Michigan Restrictive Covenants at Risk, the Michigan Marketable Record Title Act, MCL 565.101, eq seq., was amended at the end of 2018, via 2018 PA 572, and may have unforeseen consequences for Michigan condominiums and homeowners associations. As a result of the 2018 amendment to the Michigan Marketable
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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 developer has sold units, MCL 559.151 sets forth the voting process for terminating a condominium project. This article will discuss the
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Michigan is one of the most progressive states when it comes to decriminalizing marijuana use for medicinal and recreational purposes. Accordingly, it should be no surprise that cannabidiol (“CBD”) oil is becoming commonplace on supermarket shelves and in other retailers in Michigan. As discussed in Recreational Marijuana: How will it impact Michigan Condominium Associations, marijuana is still illegal under federal
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A site condominium is a type of condominium that exists in Michigan and is composed of single-family homes. Site condominium units are still subject to restrictions contained in a Master Deed and Condominium Bylaws and it is important that purchasers review the Master Deed and Condominium Bylaws before purchasing. Many people who purchase a home in a site condominium do
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In Yarmouth Commons Ass’n v Norwood, et al., 299 F. Supp.3d 862 (E.D. Mich., 2017), the United States District Court held that a prior recorded condominium lien had priority over a federal tax lien but only to the extent of the amount stated in the lien notice. Facts The case involves a condominium unit within the Yarmouth Commons Condominium project.
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Be sure to check out Hirzel Law’s HOA Tip of the day on WWJ 950 News Radio on weekdays during the 5:00 – 6:00 P.M. news hour. The HOA Tips of the Day will start on September 9, 2019 and are currently scheduled to run between between 5:45 – 6:00 P.M. for the week of September 9th. We are very
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