MI Legislature Amends Sec. 67 of the Condo Act – “Big Developer” Wins Big, While “Average Joe Co-owner” is Left Holding the Bag (Again)

On June 22, 2016, Governor Snyder signed Senate Bill No. 610 into law, amending Section 67 of the Michigan Condominium Act. The Michigan Legislature had a prime opportunity to effect real change in the law to benefit the many thousands of people who live in unfinished condominium projects as a result of The Great Recession. Sadly, the amendments to Section 67 amount to nothing more than another gift to developers in a statute that is already unfairly tilted in favor of “Big Developer” and against “Average Joe Co-owner.”     Read the article……………


Related Articles

Management Companies & Unpaid Assessments

There are two (2) concepts inextricably linked with unpaid assessments: (i) alternative dispute resolution (“ADR”); and, (ii) United States Fair

Maryland General Assembly Passes Bill That Will Limit Condo and Homeowner Association Liability For “Errors and Omissions” In Resale Certificates

A bill that was originally intended to limit fees charged by condominium associations for providing resale certificates has passed both

Florida District Court of Appeal Reaffirms Ruling Making Condominium Association Foreclosures More Costly

Last week, the Florida Third District Court of Appeal dealt the final blow to an often-used strategy by condominium associations.