There is a worrying trend of new bankruptcy filings locally and nationally. The Eastern District of Michigan (covering the metro Detroit area) saw a 7% jump in new bankruptcy filings in 2024 compared to 2023. In March 2025, new bankruptcy cases nationally increased...
Updated March 3, 2025 Community associations may finally be saved from filing BOI reports under the Corporate Transparency Act. We are glad to announce that on March 2, 2025, the U.S. Treasury Department has determined "...with respect to the Corporate Transparency...
Mold can present a real threat to the structural integrity of a building and can also be harmful to human health. This threat is amplified in attached condominiums since owners can be affected by an instance of mold originating in another co-owner's unit or the common...
By Amy M. Smith and Todd J. Skowronski HB 5019 is a new bill pending in the Michigan House that will require condominium associations in the state to conduct periodic reserve studies to help plan for future repairs and replacements. The Community Associations...
A responsibility matrix is a summary of association and co-owner responsibilities for maintenance, repair, and replacement of the condominium common elements and units. Because condominium master deeds, even when clearly drafted, can be complicated and often...
In the course of running a Condominium Association, various charges may be provided by the Condominium Documents to be assessed against or posted to the accounts of co-owners who are either delinquent or in violation of other provisions of the Condominium Documents....
Investors have long viewed attached condominium units as ideal rental properties since the condominium form of ownership often allows investors to enter the rental business without taking on many traditional landlord functions. That is, because condominium...
Assessments are the means by which all associations operate, and assessments provide the necessary income to maintain and enhance a community's assets to protect and maximize unit values. When assessment levels get too high, the very assessments that are essential to...