Condominium Act Form 4 In Wayne
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FAQ
The new act includes major changes in the development, buying and selling, ownership and operation of iniums. The changes will apply to all inium developments in the province - large and small, new and existing.
As long as the tenant hasn't taken possession of the unit, they have seven days to cancel. This is called a cooling-off period. The seven day cooling-off period starts the day after the landlord gives the tenant the “Tenant's Right to Cancel” statement, whether or not the tenant has already signed the life lease.
Check for the cooling-off period 14 days is the minimum cooling-off period that a seller must give you. Make sure you check the terms and conditions in case they've given you more time to change your mind - many choose to do so.
All property deeds, like Warranty Deeds, Quit Claim Deeds and Land Contracts, are recorded with the Wayne County Register of Deeds office ( ) located in the International Center Building, 400 Monroe Street, 7th Floor, Detroit, MI 48226 Phone:(313) 224-5850.
All property deeds, like Warranty Deeds, Quit Claim Deeds and Land Contracts, are recorded with the Wayne County Register of Deeds office ( ) located in the International Center Building, 400 Monroe Street, 7th Floor, Detroit, MI 48226 Phone:(313) 224-5850.
A inium Information Statement (CIS) is the packet of documents provided to buyers purchasing a condo unit that is newly constructed or recently converted from a different use.
Four types of legal “governing documents” are typically associated with subdivisions such as iniums and planned developments: the Declaration of Covenants, Conditions and Restrictions (or “CC&Rs”), the Bylaws, the Articles of Incorporation, and the Rules.
Sign and date the quitclaim deed in a notary's presence, then file it with the county Register of Deeds Office in the property's county, not the county where you live. Once the deed is filed and recorded, the transfer is deemed legal.
Moreover, the grantor must sign the quitclaim deed in the presence of a notary public. The notary will then acknowledge the grantor's signature by affixing their seal and signature. Recording: The completed quitclaim deed should be recorded with the County Recorder's Office in the county where the property is located.
Section 83(1) of the Act requires landlords to notify the condo corporation of the rental and provide a copy of the lease within 10 days of signing.
