Requires condominium associations to conduct structural surveys and reserve studies, fund reserves at 15%, and plan for repairs.
Requires condominium associations to conduct structural surveys and reserve studies, fund reserves at 15%, and plan for repairs.
Requires condominium associations to conduct structural surveys and reserve studies, fund reserves at 15%, and plan for repairs.
Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans
Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans
Cooperative Housing Corporations and Condominiums - Funding of Reserve Accounts and Timing of Reserve Studies
Condominiums and Homeowners Associations - Reserve Studies - Exemptions
Requires condominium associations to conduct structural surveys and reserve studies, fund reserves at 15%, and plan for repairs.
Housing: condominium; definition of undeveloped land; modify. Amends sec. 67 of 1978 PA 59 (MCL 559.167).
Modifies requirements for associations to protect structural integrity of certain buildings; expands timeframes for associations to establish adequate reserves.