A condominium is a single unit of real estate—usually a home or residence—in a multi-unit residential development in which each owner of a unit has both a separate ownership interest (often everything inside the front door)—and a common ownership interest (with other unit owners) in the common areas of the property outside the front door—such as roofs, hallways, driveways, walkways, stairways, stucco, brick, paint, stone, and landscaping.
A condominium development is usually governed by a homeowners’ association (HOA) through its board of directors, elected by the homeowners as provided by the HOA’s declaration and bylaws. Unit owners or homeowners in the association are required to pay monthly HOA dues for the maintenance and repair of the common areas of the property and its insurance.
In Michigan, condominiums are regulated under the Michigan Condominium Act (MCA), which provides a legal framework for the creation, operation, and management of condominium developments. Each condominium unit owner has an individual ownership interest in their unit and a shared interest in the common elements of the property, such as lobbies, roofs, and other amenities. The governance of a condominium is typically handled by a homeowners' association (HOA), which operates through a board of directors elected by the unit owners. The HOA is responsible for enforcing the bylaws and managing the common areas, and it is funded by monthly dues paid by the unit owners. These dues cover expenses for maintenance, repair, and insurance of the common areas. The MCA and the condominium's bylaws and declaration, which are specific to each development, outline the rights and responsibilities of the unit owners and the HOA.