Byron Forest

Key facts from Byron Forest's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I: 'Condominium Project' and 'Co)

Legal name

Byron Forest Condominium Association

Developer / declarant

Byron Group, a Michigan limited co-partnership (Article III(l))

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (including Act 538 of 1982 and Act 113 of 1983) (Article III(a) and recitals)

Assessments & dues

Board of Directors establishes annual budget and assesses common charges against all members in accordance with percentage of value allocated to each unit (Condominium Bylaws Article V Section 4)

Special assessments

Requires approval of more than two-thirds of all members in value and in number, voted at a meeting (Condominium Bylaws Article V Section 5)

Collections & liens

Unpaid assessments constitute a lien upon the unit prior to all other liens except tax liens and sums unpaid on a first mortgage. Association may foreclose by judicial action or advertisement (power of sale). Notice required 10 days before (Condominium Bylaws Article V Section 6)

Reserves & fees

Association shall maintain a reserve fund for major repairs and replacement of common elements in an amount equal to at least 10% of the current annual budget on a noncumulative basis (Condominium Bylaws Article V Section 11)

Maintenance

Roofs are general common elements – Association responsibility (Master Deed Article V A(6) (roofs listed)

Use restrictions

Each unit designed and intended for residential purposes (Article IV: 'Each building... contains i)

Voting & meetings

20% in number and value of members entitled to vote (Condominium Bylaws Article III Section 3)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.