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In Michigan there are three basic ways to develop real estate - by land division, as a subdivision, or as a condominium. Development of real estate as a condominium lends itself to flexibility, privacy, day to day governance by the association, the potential for mixed uses, and creativity. The creation of a condominium project is a complicated matter. Our firm works with the developer to assist the developer and the engineer in addressing those issues that must be addressed to create a condominium under the Michigan Condominium Act.
Some representative issues include:
- Governmental approvals.
- Preliminary notices.
- Preliminary reservation agreements.
- Escrow agreement requirements.
- Title insurance issues.
- Drafting of master deed and condominium by-law.
- Development and review of the condominium subdivision plan with the engineer.
- Agreement for sale of condominium units.
- Brokerage agreements.
- Disclosure statements.
- Documentation of unit sales.
- Amendment of condominium documents.
- Enforcement of restrictions.
- Development of a budget and reserve requirements.
For more information about Condominium Law contact:
Howard H. Kahne - Attorney
Sally A. Taylor - Attorney
Christine A. Smith - Legal Assistant
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