CONDOMINIUM ACT (EXCERPT)
Act 59 of 1978
559.172 Establishment of condominium project; sale of condominium unit before master deed recorded prohibited; exception; substantial failure of master deed to comply with act; marketability of title.
(1) A condominium project for any property shall be established upon the recording of a master deed that complies with this act.
(2) Except as provided in section 88, a condominium unit shall not be sold by or on behalf of the developer before a master deed is recorded for the condominium units in the project.
(3) Title to a unit and common elements is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the master deed to comply with this act. Whether a substantial failure of the master deed to comply with this act impairs marketability is not affected by this subsection.
History: 1978, Act 59, Eff. July 1, 1978
Am. 1982, Act 538, Imd. Eff. Jan. 17, 1983
Am. 1983, Act 113, Imd. Eff. July 12, 1983
© 2015 Legislative Council, State of Michigan