A recent survey by the Community Associations Institute’s Foundation for Community Research reported that 91% of community association managers and HOA board members reported seeing unexpected increases in operating expenses due to inflation. While cost increases are inevitable, it appears that condominium and homeowners associations
The Michigan Condominium Act provides that sums assessed to a co-owner’s unit constitute a lien on the unit at the time they are assessed. If condo assessments remain unpaid, condominium associations typically record a notice of lien against the subject unit to perfect the security
In Deep Harbor Condo Ass’n v Marine Adventure, LLC, unpublished opinion of the Court of Appeals, issued December, 29, 2020 (Docket No. 349471), the Michigan Court of Appeals held that a dockominium association’s settlement agreement authorizing the temporary release of payment of assessments was enforceable
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.
In Batth Investments, LLC v Miciura, unpublished per curiam opinion of the Court of Appeals, issued April 29, 2021 (Docket No. 352642), the Michigan Court of Appeals held that the codified requirements for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
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