Section 559.235 – Successor Developer.
559.235 Successor developer. Sec. 135. (1) As used in this section, “successor developer” means a person who acquires title to the lesser of 10 units or 75% of the units in a condominium project, other than a business condominium project, by foreclosure, deed in lieu of foreclosure, purchase, or similar transaction. (2) A successor developer […]
Section 559.236 – Repealed. 1982, Act 538, Imd. Eff. Jan. 17, 1983.
559.236 Repealed. 1982, Act 538, Imd. Eff. Jan. 17, 1983. Compiler’s Notes: The repealed section pertained to assumption of written contractual obligations by successor developer.
Section 559.222b – Extended Lease Arrangement.
559.222b Extended lease arrangement. Sec. 122b. (1) A developer shall notify each existing qualified senior citizen, at the same time notice is given under section 122a, of the right to elect an extended lease arrangement for the lot on which the senior citizen’s mobile home is located, and the terms and conditions of an extended […]
Section 559.210 – Repealed. 1982, Act 538, Imd. Eff. Jan. 17, 1983.
559.210 Repealed. 1982, Act 538, Imd. Eff. Jan. 17, 1983. Compiler’s Notes: The repealed section pertained to disclosure and form of warranty.
Section 559.211 – Sale or Conveyance of Condominium Unit; Payment and Statement of Unpaid Assessments; Liability for Unpaid Assessments.
559.211 Sale or conveyance of condominium unit; payment and statement of unpaid assessments; liability for unpaid assessments. Sec. 111. (1) Upon the sale or conveyance of a condominium unit, all unpaid assessments, interest, late charges, fines, costs, and attorney fees against a condominium unit shall be paid out of the sale price or by the […]
Section 559.212 – Renting or Leasing Condominium Unit; Disclosure; Review of Lease Form; Notice; Compliance Required; Action by Association Upon Noncompliance; Notice of Arrearage; Deduction of Arrearage and Future Assessments From Rental Payments.
559.212 Renting or leasing condominium unit; disclosure; review of lease form; notice; compliance required; action by association upon noncompliance; notice of arrearage; deduction of arrearage and future assessments from rental payments. Sec. 112. (1) Before the transitional control date, during the development and sales period the rights of a co-owner, including the developer, to rent […]
Section 559.213 – Financing.
559.213 Financing. Sec. 113. A developer, residential builder, or sales agent shall not require that a prospective purchaser of a condominium unit obtain financing from a specific financial institution exclusively. History: 1978, Act 59, Eff. July 1, 1978 ;– Am. 2000, Act 379, Imd. Eff. Jan. 2, 2001
Section 559.214 – Homestead Exemption.
559.214 Homestead exemption. Sec. 114. The laws of this state relating to the exemption of homestead property from levy and execution shall be applicable to condominium units occupied as homesteads. History: 1978, Act 59, Eff. July 1, 1978
Section 559.215 – Action by Person or Association Adversely Affected by Violation of or Failure to Comply With Act, Rules, Agreement, or Master Deed; Costs; Violation of MCL 559.121 or 559.184a; Liability.
559.215 Action by person or association adversely affected by violation of or failure to comply with act, rules, agreement, or master deed; costs; violation of MCL 559.121 or 559.184a; liability. Sec. 115. (1) A person or association of co-owners adversely affected by a violation of or failure to comply with this act, rules promulgated under […]
Section 559.221 – Mobile Home Condominium Project; Establishment, Operation, and Regulation; Compliance.
559.221 Mobile home condominium project; establishment, operation, and regulation; compliance. Sec. 121. The establishment, operation, and regulation of mobile home condominium projects shall comply with this act, rules promulgated under this act, and with the following: (a) A mobile home located on a mobile home condominium site shall be contained entirely within that site. The […]