{"data":{"id":"us-mi/mich.-comp.-laws-125.2729","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.2729","heading":"Right of first refusal.","body":"Sec. 9.\n\nFor 5 years after a qualified buyer takes ownership of a unit under this act, the resident organization or successor entity has a right of first refusal if the qualified buyer desires to sell his or her unit acquired under this act. During the 5-year period, the resident organization or successor entity may repurchase the unit at the fair market price if the qualified buyer sells the unit. During the 5-year period, the qualified buyer shall not rent out or lease his or her unit or allow any other nonfamily member to reside in the unit.","path":["MI Code","Chapter 125","Act Act-84-of-1999"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-2729","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"35baa6326eabdcb7ff5415bcdb0f72f13ffc097ceb121be3d86fba3cb2541ec7","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.2728","next":"us-mi/mich.-comp.-laws-125.2730"},"notice":"GroundRules: Original legal text. Not legal advice."}