MI SB0272

Modifies the definition of "undeveloped land" in the Condominium Act to clarify that condominium units depicted on subdivision plans as containing no vertical improvements are excluded from the definition, regardless of when the condominium project was created

Allows developers to withdraw undeveloped land or convert undeveloped condominium units to "must be built" status for 10 years after recording the master deed, or 6 years after the last exercise of expansion/contraction rights, whichever is later

Permits associations of co-owners to declare undeveloped land as general common elements by a 2/3 majority vote if developers fail to act within the applicable time period, after which construction rights on that land cease

Requires associations to provide written notice to developers before filing declarations with the register of deeds, giving developers 60 days to withdraw land or convert units before the declaration takes effect

Updates statutory language throughout the section, replacing "shall" with "must" and clarifying references to dates and procedures