Michigan Condominium Act Amendments: Enhancing Financial Transparency and Security for Condo Associations In an effort to strengthen the financial stability of condominium associations in Michigan, the state legislature has introduced a bill to amend the Condominium Act of 1978. This amendment, specifically targeting section 105 (MCL
Condominium Association Funds and Capital Projects: Walsh v Hawthorn Hills Owners of Rochester, Inc. Introduction Boards of Directors of community associations are often charged with the responsibility of maintaining the capital assets of the corporation and administering the community itself. This responsibility involves difficult decisions regarding the
Til Death Do Us Part, Or Do We?: Collecting Community Association Assessments from a Deceased Owner in Michigan The 2021 Michigan Community Association Fact Book (the “Fact Book”) compiled by the Foundation for Association Research estimates that from July 1, 2019, to July 1, 2021
Should Your Condo Association Allow Ring Doorbell Cameras? For better or for worse, we live in a society where security cameras are everywhere. With the rise of technology companies such as Amazon and Google, security cameras are now available to the average consumers. For under
Guidelines for Preparing Your Association Budget Preparing an annual budget is essential for the financial stability of community associations. However, not all associations know how to effectively create an association budget. To help you with this task, here are some guidelines that will make preparing your
Enhancing Community Safety and Financial Planning: New Reserve Study Standards Community Associations play a vital role in managing and maintaining the shared assets of their members. However, ensuring the safety and longevity of these properties requires meticulous planning and budgeting. In response to the tragic incident
