developer creates a condominium, the developer is required to record a master deed. Pursuant to MCL 559.108, the master deed and condominium subdivision plan must identify the total number of units in the project and assign a percentage of value to each unit. However, the initial configuration of the condominium is not set in stone. MCL 559.106(4) defines an expandable condominium as “…a condominium project to which additional land may be added in accordance with [the Michigan Condominium Act].” MCL
The Michigan Condominium Act (the “Act”) was enacted in 1978 and is now over thirty-five years old. While significant amendments were made to the Michigan Condominium Act in 2001 and 2002, the Act does not currently meet the needs of various stakeholders. In 2015 and 2016, the Michigan Legislature introduced five (5) bills that either amended or would amend the Michigan Condominium Act. However, as discussed in my article, The Michigan Condominium Act: Time for a Change, a complete overhaul of
Lakeview Avenue Boasting of just two dwellings, this condominium property is located at 149 to 150 Lakeview Avenue. Situated within West Cambridge and Huron Village, these condos are in a building that was originally constructed in 1920. They are located in a quiet, residential area with easy access to surrounding amenities. Spanning a total of three stories in height, this condominium features a large, shared porch. Amenities at the Condominium Within the units, residents will find two private
investment, nonetheless owning a condominium is more of an affordable route if wanting to own a property. In my research paper I will discussing the benefits of owning a condominium as well as becoming finically ready to make your first purchase. Condominium is commonly known as a condo; it is a real estate that is divided into seven or more dividends. Often times condominium is mistaken for apartment building because of its structure. There are in fact, condominium that are single family structured
“Home Sweet Home” There are hundreds of people, young and old that live in my apartment complex and each of them have a different and unique story to share. My story is that I come from the typical middle-of -nowhere suburbia, where the grass is always green, and all of the houses look the same. In that community it is easy to become too comfortable, and forget that things aren’t so “perfect” in the rest of the world. When my step-dad past away, we sold the house and moved into town changing the
The Life of Immigrant Children In New York By the late nineteenth century the economic lines in America between the upper and lower class were quickly widening because of the boom of urban industrial expansion. Moreover, during the 1800s, America witnessed an influx of immigrants coming from many parts of the world, they made tenement houses in New York’s lower East Side a common destination. One person witnessing the living conditions of these tenements was journalist Jacob A. Riis. For several
The novel How the Other Half Lives by Jacob Riis shocked middle and upper class Americans when it was published in 1890. Riis created a sensation when he revealed to the world, combining detailed written descriptions with graphic photographs, the horrific conditions of New York City’s tenement housing. How the Other Half Lives raised many questions, such as how and why the poor are subjected to such terrible living conditions and how that environment affects them. Riis also reveals his fears and
Federal Income Tax Law Condominium associations are unique in that the Internal Revenue Service (IRS) allows them to elect annually to be taxed as a regular corporation or receive special treatment and be taxed as a homeowners’ association. If electing to be taxed as a regular corporation IRC § 277 applies and Form 1120 is filed. If electing to be taxed as a homeowners’ association IRC § 528 applies and Form 1120-H is filed. The board of directors can seek advice from accountants, attorney or
Blade Runner is exemplified as a dystopia that predicts a future city that sustains corporate capitalism’s worst features, such as urban decay, extreme gaps between wealth and poverty, and authoritative police work. The film depicts an urban city that, due to capitalism, coalesced into a polluted, overpopulated city controlled by monopolies. Roger Ebert describes the city, Los Angeles, in the film as, "The skies are always dark with airborne filth in this Los Angeles of the future. It usually rains
How did we miss this? It was right there all along. Thought the detective. He replayed the tape, showing an almost exact replica of the man rotting in prison for the same killings that had taken place more than 20 years previously. Only this time it wasn’t Brian Peters, but rather his younger brother, Aaron. He was only 7 or so when Brian was caught, he must have had instruction from his brother. There’s no other way he would have been able to replicate all the signature details, Burcks concluded
In this article “ The Old Man isn’t There Anymore” Kellie Schmitt writes about the people she lives with crying in the hallway and when she asks what happened she is told that the old man is gone. This starts the big ordeal of a Chinese funeral that Schmitt learns she knows nothing about. Schmitt confuses the reader in the beginning of the story, as well as pulling in the reader's emotions, and finishes with a twist. In the beginning of the story Schmitt explains that there are people who are crying
Gulf Condominium Real Estate Analysis After analyzing a sample of 40 gulf view condominiums and 18 no gulf view condominiums it becomes evident that variations exist between the two different types of properties. When reviewing the data it becomes clear that luxurious gulf view condominiums can fetch larger selling prices and are listed on the market for fewer days than no gulf view condominiums. No gulf view condominiums fetch lower selling prices and sit on the market for longer periods of time
investment banking. She rents a spacious condominium with two bedrooms in it with the rents of $ 3,000 per month. In July 2014, the same condominium unit next to her condominium are decided to be sold. Young believed that she could afford the condominium for $ 600,000. However, she felt that she bought a condominium that will not meet her long-term needs. Thus, Young decided to sell it in two to ten years. Analysis of Young's decision to buy or rent a condominium from the quantitative side is the suitable
Multiple Listing Service, which provides data for 40 Gulf View condominiums and 18 No Gulf view Condominiums. This sample data will be used to provide the appropriate descriptive statistics to summarize each of the three variables and determine outliers for both Gulf view Condominiums and No Gulf View Condominiums. Once this information is provided specific statistical results that would help a real estate agent understand the condominium market will be discussed. Then a 95% interval estimate for the
in 1974. Subsequently, in 1978, Winnipeg Condominium Corporation assumed title of the building and converted the apartments to condominiums (see Figure 1). In 1982, Winnipeg Condominium discovered issues with the Tyndal stone on the outside of the building. After consultation, they did some remedial work in an attempt to correct the problem. However, in 1989 a large section of the stone fell off the building from the ninth storey. Winnipeg Condominium then replaced the entire exterior at a cost
to buy a house those individuals would have to look at all their options and all the advantages and disadvantages that come from purchasing a house. The economy plays a huge role in the decision whether people will purchase a house, purchase a condominiums, or rent property. An option for individuals look are looking to buy property have the option to purchase a house. The advantages are: “pride in ownership, privacy, own land, tax benefits, fixed rate, security, and can renovate to their desire
which does not disturb our busy life, is “Plant Condominium”. In the present, land price around the world are increasing rapidly according to the population rate (Land and Property, 2013). Land price in many main countries touch the sky, some people cannot even afford a piece of land to bury their dead bodies. Working ages are living in an appropriate size house for their small family, which mean traditional style house are replacing by condominiums. Green areas in traditional house changed into carbon
Donald Trump is founder and CEO of Trump Organization, the head company of Donald J. Trump, American real estate investor. Trump Organization was the company that his father had started, and later Donald took it over. The company oversees all the business development of Donald Trump including real estate, casino, hotels, golf clubs, and any other business developments or projects that Donald Trump is involved with. Matthew F. Calamari is the EVP (Executive Vice President) and COO (Chief Operating
Joshua Edward Ford and Martha Margene "Geney" Crutchley took a vacation in Ocean City, Maryland, during Memorial Day weekend in 2002. Joshua and Martha were never heard from again after a night out on Saturday, May 25, 2002. The last time the couple were seen was at Seacret’s Club leaving with another couple. After the Memorial Day weekend, when Joshua and Martha didn’t show up for work, co-workers and family were concerned. Police filed a missing person’s report and later discovered that Joshua
Toronto saw a massive population growth in a period of thirty years due to the extensive construction of high-rise condominium towers which led to the city being divided into three distinct cities: “city of the rich, the shrinking city of middle-income households, and the growing city of concentrated poverty.” According to the article the division is caused by the development of condominiums as the new form of gentrification which displaces the poor people and focuses to attract the higher-income people