Articles published by:

Matthew Heron

Financial Issues, Budgets & Reserves• March 4, 2016

The Role and Importance of the Reserve Study in Determining an Appropriate Reserve Fund

Introduction A well-run condominium can be thought of as having two components: (1) physical assets, which are the buildings, structures, and grounds on which the condominium is located; and (2) financial assets, which are the funds necessary to maintain the condominium’s physical assets. So long as the financial assets are adequate to meet the maintenance needs of the physical assets,…
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Rules & Regulations• February 2, 2016

Expressing Opposing Views in a Condominium: Does Your Condominium Have the Right to Silence Free Speech?

Introduction Another election year is upon us, and with that comes the realization that neighbors in your condominium may not hold your political and ideological views. With this realization also comes the belief that, regardless of your own political views, those neighbors with views contrary to your own appear to be the most vocal. Most co-owners believe that the right…
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Community Association Governance & Meetings• December 30, 2015

The Lion in Winter (and Summer, and Fall, and Spring): Summer Resort Associations in Michigan

Introduction As this article is written, the first significant ice storm of winter 2015-2016 has just blown through Michigan leaving icy roads, downed powerlines, and numerous traffic accidents. Of course, this is the perfect time to turn to summer and dream about the potential purchase of a picturesque home sitting on one of Michigan’s beautiful lakes. For many who live in…
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Rental & Leasing Restrictions• November 23, 2015

The Impact of Short-Term Rentals on Condominium and Homeowner Associations: To Airbnb or Not to Airbnb?

Many condominium bylaws restrict or otherwise regulate a co-owner’s ability to lease the co-owner’s condominium unit. These restrictions are sometimes imposed as part of an effort to maintain property values, and sometimes to comply with the Federal Housing Administration’s Condominium Project Approval and Processing Guide which requires that at least fifty-one (51) percent of units be owned by owner-occupants. At…
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