Lake Bella Vista

Key facts from Lake Bella Vista's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Lake Bella Vista

Units / lots

4 units initially, expandable to a maximum of 14 units (Section 6.1)

Developer / declarant

Ahmed F. Mekky, as Trustee of the Ahmed F. Mekky Living Trust

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Section 3.1.a)

Assessments & dues

Assessments apportioned equally among all units (without increase or decrease for limited common elements); payable in 12 equal monthly installments unless board elects other schedule (Section 5.3 of Bylaws)

Special assessments

Special assessments exceeding $5,000 per year or $100 per unit annually require approval of 60% or more of all co-owners (Section 5.2(c) of Bylaws)

Collections & liens

Unpaid assessments, interest, late charges, collection costs, advances, attorney fees, and fines constitute a lien on the unit; enforceable by foreclosure under Section 108 of the Act (Section 5.5(a) of Bylaws)

Reserves & fees

Association shall maintain a reserve fund for major repairs and replacement of common elements; established at minimum of 10% of annual budget on a noncumulative basis by the transitional control date (Section 4.5 of Bylaws)

Architectural approval

Prior written consent of association required for any improvements to unit exterior or common elements appurtenant to the unit; structural modifications to a unit or limited common element also require written consent of association (Sections 4.3(b), 4.4(a) of Bylaws)

Use restrictions

Project is a residential condominium; new units in future development area restricted to residential use (Sections 1.3, 6.2)

Voting & meetings

Each co-owner entitled to one vote per unit when voting by number; one vote equal to total percentage of value when voting by value; no cumulative voting (Section 2.2 of Bylaws)

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