MI SB1256

Allows developers or co-owners to impose reasonable restrictions and covenants on condominium units, provided they are consistent with condominium documents and not prohibited by law.

Permits condominium unit associations to include provisions governing joint or common ownership of units and the basis for sharing usage among joint owners.

Enables a co-owner association to modify restrictions or covenants imposed by a developer through a majority vote if the developer is no longer in business or has no financial interest in the association and the association has at least 4,000 co-owners.

Requires that condominium project administration bylaws be recorded as part of the master deed and that amendments not eliminate mandatory provisions required by law.

Allows restrictions or restrictive covenants that are part of bylaws to be modified following the procedures established in Section 46.