Housing: condominium; definition of undeveloped land; modify. Amends sec. 67 of 1978 PA 59 (MCL 559.167).
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the definition of ‘undeveloped land’ in Michigan condominium law. Specifically, it allows a condominium developer, for a limited time after recording the master deed, to withdraw undeveloped land or convert undeveloped condominium units without needing the consent of co-owners or other interested parties. If the developer doesn’t take action within a set timeframe, the condominium association can declare the land to be part of the common elements, effectively ending the developer’s rights to build on it.
Key provisions
- Allows a developer to withdraw undeveloped land or convert undeveloped units for 10 years after master deed recording.
- Establishes a process for the condominium association to declare undeveloped land as common elements if the developer doesn’t act.
- Requires a 2/3 majority vote of co-owners to declare undeveloped land as common elements.
- Sets a 60-day period for the developer to respond to the association’s declaration.
- Provides a mechanism for co-owners to seek adjustments to property values if the declaration affects unit percentages.
- Defines ‘undeveloped land’ as land with recorded condominium units but no construction.
- Excludes condominium units depicted on the plan as having no vertical improvements.
- Specifies that the developer must be a successor to exercise withdrawal or conversion rights.
Who is affected
- Condominium developers
Bill text
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Document of record
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- Senate Introduced Bill
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