Michigan condominium associations rely on assessments to fund repairs, repay loans, and maintain the community. But what happens when a co-owner refuses to pay and claims prior funds were mismanaged? In Main Street Lofts Condominium Ass’n v Parodi, unpublished per curiam opinion of the Michigan Court
A common misconception among delinquent condominium co-owners is that once a condominium lien is recorded against their unit, there is nothing they need to do about it if they do not intend to sell or refinance their property. Unfortunately, this assumption is incorrect and can
Condominium developments in Michigan often include significant infrastructure improvements, including private roads, utilities, and drainage systems. Because these improvements are essential to the use and value of the project, the Michigan Condominium Act requires developers to provide financial security to ensure completion of those improvements.
When most people think of condominiums, they typically picture a traditional residential condominium project, such as attached townhouses or loft-style units. While the majority of condominium developments in Michigan are residential projects, condominiums can also be developed for commercial or business purposes. The Michigan Condominium
