Condominium associations rely on assessments to fund shared services, including building maintenance, landscaping, insurance, common utilities, and reserve planning. Board members are legally obligated to protect the condo association’s financial health, and part of that fiduciary duty is to ensure that every co-owner pays their share of the expenses in a timely manner. When some co-owners fail to pay, the…
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Should your condo or HOA should use ChatGPT for legal advice? Read this article to find out how ChatGPT stacked up against an HOA attorney.
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Condominium associations should consider amending their condominium bylaws to provide the board of directors with authority to refer co-owner disputes to mediation.
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The Michigan Condominium Act contemplates a gradual transition from developer to nondeveloper co-owner control of the board of directors.
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Every community association should consult with its attorney and insurance agent to determine what risks are covered and avoid the temptation of simply choosing the cheapest coverage. This is especially true during a pandemic. While insurance does not cover everything, proper coverage can eliminate many risks. Click here to read more
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