Section 559.138 Creation of Condominium Units Within Convertible or Additional Lands; Allocation of Interests in Common Elements; Amended Master Deed and Condominium Subdivision Plan; Revised Schedule.

MI Comp L § 559.138 (2019) (N/A)

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Sec. 38.

Interests in the common elements shall not be allocated to condominium units to be created within convertible land or within additional land until the master deed is duly amended and an amended condominium subdivision plan depicting the new condominium units is recorded. The amendment to the master deed shall contain a revised schedule of undivided interests in the common elements so that the condominium units depicted on the amended condominium subdivision plan shall be allocated undivided interests in the common elements in accordance with the formula for allocation of the undivided interests as described in the original master deed.

History: 1978, Act 59, Eff. July 1, 1978

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Section 559.137 Allocation to Condominium Unit of Undivided Interest in Common Elements Proportionate to Percentage of Value Assigned; Statement, Table, Exhibit, or Schedule in Master Deed; Formula; Basis of Reallocation; Allocating Percentage of Value to Convertible Space; Alteration of Undivided Interest in Common Elements; Partition of Common Elements.

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Section 559.139 Assignment and Reassignment of Limited Common Elements; Application; Amendment to Master Deed.

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