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Longer answers for Michigan condo boards, one topic at a time.
Does a Michigan site condominium need a reserve fund?
Yes. A site condominium is a condominium under Michigan's Condominium Act, so its bylaws must provide for a reserve fund of at least 10 percent of the annual budget. The list of shared property is shorter than in an attached complex, but it usually includes the most expensive single item in the community, the private road.
Site condos · November 9, 2026 · 3 min read
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Three short steps. The ZIP code and size of the community come first, then how to reach you, then two taps about your role and your last study.
Michigan Reserve Studies is a request service, not a reserve study provider. We choose one provider who works in your part of Michigan, tell you who it is, and pass on your request only when you say so. The provider pays us; you do not.
Thank you. We have your request.
- Within one working day you get a single name from us: a reserve study provider that covers your part of Michigan.
- Say the word and we forward your request. If you decline or never answer, it goes nowhere.
- The provider asks for your budget, governing documents and any past study, then sends a proposal.
While you wait, pull together this year's budget and the master deed and bylaws; every provider will ask for them.