Before jumping into how to collect delinquent carrying charges, lets first discuss what housing cooperatives and carrying charges are.
What is a housing cooperative?
Cooperatives offer a unique housing alternative to individuals. They are often compared to both apartment complexes and condominium projects but have significant differences.
Michigan condominium and homeowners Associations are organized under the Michigan Nonprofit Corporation Act, MCL 450.2101, et seq. As a result, they are subject to automatic dissolution if they fail to file an annual report or pay an annual filing fee for a period of two
In Batth Investments, LLC v Miciura, unpublished per curiam opinion of the Court of Appeals, issued April 29, 2021 (Docket No. 352642), the Michigan Court of Appeals held that the codified requirements for mortgage foreclosures by advertisement, set forth in Chapter 32 of the Revised
What you Need to Know about Percentage of Value in a Michigan Condominium
The Master Deed of every Michigan condominium is required to assign a “percentage of value” to each condominium unit. However, many co-owners and condominium associations do not understand the significance of the “percentage
This case has been overruled by the Michigan Supreme Court, click here to read the update
As previously discussed in Michigan Court of Appeals Holds that HOA Cannot Revoke Approvals for Docks, the Michigan Court of Appeals held that an oral approval from an Allegan county
A published 2020 case from Michigan Court of Appeals makes it clear that a garnishee may be liable for a defendant’s debt, if the garnishee does not withhold the proper amount of payments. A garnishee is defined as “one who has property or money in