Whip-Poor-Wil-Way

Key facts from Whip-Poor-Wil-Way's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential site plan condominium project (Article I, Section 1.1; WHEREAS clause)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Preambles; Article 3.1(a) definition)

Assessments & dues

Determined annually by budget; not fixed in this document (Bylaws Article II Section 2.2)

Special assessments

May be levied by Board with approval of >2/3 of Co-owners for additions >$5000 annually, purchase of unit on foreclosure, or other purposes. (Bylaws Article II Section 2.2(b))

Collections & liens

Unpaid assessments constitute a lien on the unit, prior except for tax liens and first mortgage recorded after lien notice. Foreclosure by judicial action or advertisement; 6-month redemption period (1 month if abandoned). (Bylaws Article II Section 2.5)

Reserves & fees

Required: at least 10% of current annual budget on noncumulative basis. Board shall establish adequate reserves. (Bylaws Article II Section 2.2(a) second )

Leasing & rentals

Allowed? Not explicitly stated; amendment procedure references ability to rent (Article IX Section 9.1(d)). No prohibition found. (Article IX Section 9.1(d): "terms under )

Architectural approval

Yes, Association approval for all improvements within Units (except as constructed with Developer approval). (Article IV Section 4.3; Article VII Sect)

Signs & flags

Project identification sign permitted (Article VI Section 6.7); personal signs not addressed. (Article VI Section 6.7)

Maintenance

Owner: Unit improvements and Limited Common Elements. Association: General Common Elements, storm water system, private road. (Article IV Section 4.3)

Insurance

Association to carry liability and other insurance as Board determines appropriate. (Bylaws Article IV Section 4.1)

Use restrictions

Single family residential; no other use inconsistent with purposes of Project. (Article IV Section 4.5; Article VII Sect)

Voting & meetings

Each Co-owner entitled to membership; votes based on Percentage of Value (equal per unit) (Article V Section 5.2 (equal percentages)

Amendments

Amendments possible by Developer during Development Period, thereafter by Association. Material changes require 2/3 votes of Co-owners and first mortgagees. Town consent required. See Article IX for detailed procedures. (Article IX)

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