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Home2024 (Page 2)

October 2024

Board of Directors, Director and Officer Liability, Property Managers

Federal Court Rules that Corporate Transparency Act is likely Constitutional: Community Associations must comply by January 1, 2025 to avoid $10,000 in potential civil penalties The January 1, 2025 deadline for condominium and homeowners associations to comply with the Corporate Transparency Act is fast-approaching. Community associations

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Board of Directors, Condominium Document Enforcement, Insurance, Property Managers

Liability Protection: How to Protect the Condo Association Against Increased Premises Liability Exposure As recently decided by the Michigan Supreme Court in Janini v London Townhouses Condominium Association, issued July 11, 2024 (Docket No. 164158), a co-owner on the condominium’s common elements is now classified as

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Board of Directors, Condominium Document Enforcement, Condominium Maintenance, Director and Officer Liability, Michigan Condominium Act, Property Managers

Top 4 Legal Considerations for Gated Communities in Michigan: What Condos and HOA’s Need to Know Imagine living in an exclusive, gated condominium community where security and privacy are top priorities. Whether your home is nestled in a suburban site condominium or perched in a sophisticated

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Board of Directors, Director and Officer Liability, Michigan Nonprofit Corporation Act, Property Managers

Understanding Breach of Fiduciary Duty by Developer-Appointed Directors in Condominium Associations Many co-owners volunteer to serve on the board of directors because they believe that they can lead their condominium association in a positive direction.  This belief is essentially what it means to fulfill their duty

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Board of Directors, Condominium Maintenance, Construction, Developers, Property Managers

Developer Turnover: 8 Things Michigan Condo Associations Must Know when Negotiating with a Developer to Avoid Paying for Construction Defects Successfully transitioning control of a condominium association from the developer to the co-owners is critical for the long-term success of any Michigan condominium.  When a developer

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Board of Directors, Condo and HOA Assessments, Condominium Maintenance, Reserve Funds

Understanding the Michigan Reserve Study Bill: Essential Updates for Condominium Associations  Did you know that Michigan's HB 5019, a new bill pending in the Michigan House, aims to bring significant changes to the way condominium associations manage their reserve funds? Currently, Michigan law requires that condominium associations

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