Michigan Application to Condominium Association to make Alterations and/or Modifications to Condominium Unit and Indemnification Agreement
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FAQ
Section 57 of the Act provides that all books, records, contracts, and financial statements concerning the administration and operation of the condominium project shall be available for examination by any of the co-owners at convenient times.
Michigan Reserve Study Legislation & HOA Reserve Fund Laws Section 559.205. The state administrative code requires the co-owners' association to maintain a reserve fund which, at a minimum, shall be equal to 10% of the association's current annual budget on a noncumulative basis.
The enforcing agency may be a local building department or the state Department of Licensing and Regulatory Affairs.
90a. (1) To the extent this act or the condominium documents require a vote of mortgagees of units on amendment of the condominium documents, the procedure described in this section applies. (2) The date on which the proposed amendment is approved by the requisite majority of co-owners is considered the ?control date?.
Section 47a of the Michigan Condominium Act not only describes those circumstances under which a unit co-owner may modify or improve their condominium unit, Section 47a also provides a unit co-owner with the right, under certain circumstances, to modify or improve the common elements of the condominium project ? even ...
Sec. 47. (1) Subject to the prohibitions and restrictions in the condominium documents, a co-owner may make improvements or alterations within a condominium unit that do not impair the structural integrity of a structure or otherwise lessen the support of a portion of the condominium project.
The Condominium Act, (Section 52), describes the procedure for transitioning from the developer to the association of co-owners for the governing of the development. (Also see ?Election of Association of Co-owners Board of Directors? later in this handbook.)
Sec. 67. (1) A change in a condominium project shall be reflected in an amendment to the appropriate condominium document. An amendment to the condominium document is subject to sections 90, 90a, and 91.