Oppose HB 5655 – “Annual Budget Meeting” of Co-Owners and More (MI)

This bill would amend the Michigan Condominium Act to add a requirement that a condominium association must obtain majority co-owner approval of the annual budget at an “annual budget meeting” of the co-owners. The result of the co-owners’ refusal to approve the annual budget would result in an association not being able to pay its bills, which would derail the successful administration and operation of the condominium development, and it would depreciate the value and marketability of the individual condominium units.    Read the article………….


Related Articles

Security Cameras in Michigan Condominium Projects

Whether inside a grocery store, at a gas station or even in your neighborhood, security cameras are everywhere in modern

Pet Size or Weight Restrictions in Michigan Condominiums

Of the many permissible pet restrictions, a ‘hot topic’ lately has been whether it is against Michigan law to limit the height or weight of dogs within a condominium association

Co-owners Cannot Withhold Assessments in a Dispute with the Condominium Association

Quite often, when a co-owner becomes dissatisfied with the maintenance or services provided by the Condominium Association, he or she may