Wilden Ridge

Key facts from Wilden Ridge's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential condominium (Master Deed Section 1.3 'Project is a re)

Governing law

Michigan Condominium Act (Act 59, Public Acts of 1978, as amended) (Master Deed Section 1.2 'under the provi)

Assessments & dues

Board establishes annual budget and determines assessment per Unit based on Percentage of Value; assessments apportioned equally among Units not owned by Developer (Condominium Bylaws Sections 5.2(a) and 5)

Special assessments

Special assessments require approval of 75% or more of all Owners who will be assessed (Condominium Bylaws Section 5.2(c) 'not b)

Collections & liens

Unpaid assessments plus interest, collection charges, attorney fees, fines constitute a lien on the Unit; Association may enforce by suit or foreclosure (Condominium Bylaws Section 5.5(a) 'Unpai)

Reserves & fees

General reserve fund required at minimum 10% of current annual budget on noncumulative basis; physical needs assessment at least every 6 years (Condominium Bylaws Section 4.5)

Use restrictions

Residential condominium project; all uses subject to Master Deed, Bylaws, and rules (Master Deed Section 1.3 'residential con)

Voting & meetings

One vote per Unit owned (Condominium Bylaws Section 2.2 'Each Own)

Amendments

Pre-conveyance: Developer may unilaterally amend; Post-conveyance: Non-material changes without Owner consent; Material changes require two-thirds Owner consent and notice to mortgagees; Developer may amend for compliance with law; Amendmen (Master Deed Sections 8.1 and 8.2)

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