Current through Public Act 171 of the 2024 Legislative Session
Section 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.1978, Act 59, Eff. 7/1/1978 ;--Am. 1982, Act 538, Imd. Eff. 1/17/1983 ;--Am. 1983, Act 113, Imd. Eff. 7/12/1983.