The following By-Laws have been adopted to govern the affairs of the project described in the master deed of the owners. The form also contains defintions of the words and terms used in the document.
Michigan Bylaws of Condominium
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Multi-State
Control #:
US-AR-B1039
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Word;
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FAQ
Pay condominium dues and other assessments. Share in the insurance of common areas. Comply with the restrictions of the condominium project. Give right of first refusal to the condominium corporation or unit owners in case of sale (if it is required in the master deed)
Condo rules are designed to promote the safety of owners and prevent unreasonable interference to the use and enjoyment of the units as well as common elements. The condo rules will dictate what individuals on the condo corporation property can and cannot do.
An apartment building in which each apartment is owned separately by the people living in it, but also containing shared areas.
Part of the difficulty, at least in Massachusetts, explains Flynn, is that there is no settled law on whether an association can evict a unit owner's tenant.
Republic Act No. 4726, otherwise known as The Condominium Act, governs the ownership, rights, and obligations of condominium owners.
What are the requirements of a condominium association? The Act requires the association of co-owners to keep current copies of the master deed, all amendments to the master deed, and other condominium documents available for review by co-owners, prospective purchasers, and prospective mortgagees.
AN ACT relative to condominiums and condominium projects; to prescribe powers and duties of the administrator; to provide certain protections for certain tenants, senior citizens, and persons with disabilities relating to conversion condominium projects; to provide for escrow arrangements; to provide an exemption from
A site condo looks like a house and for all practical purposes' acts like a house. You own the structure and the land/lot that it sits on just like a regular single-family house.
