Alpine Ridge Condominium Project

Key facts from Alpine Ridge Condominium Project's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

commercial site condominium (Section 1.3)

Units / lots

3 (Units are commercial building sites) (Section 5.1)

Governing law

Michigan Condominium Act, MCL 559.101 et seq. (Section 1.2; also Section 3.1(a))

Assessments & dues

Not fixed; determined by Board based on budget each fiscal year (Bylaws Section 5.2(a))

Special assessments

Board may levy special assessments for additions over $5,000/year, purchase of Unit on foreclosure, or other appropriate purposes, only with prior approval of 67% or more (in number and value) of all Owners (Bylaws Section 5.2(c))

Collections & liens

Unpaid assessments, interest, collection costs, attorney fees, fines constitute a lien on the Unit prior to all other liens except tax liens and prior recorded mortgages; Association may enforce by suit or foreclosure as provided by MCL 559 (Bylaws Section 5.5(a))

Reserves & fees

Association shall maintain a reserve fund for major repairs and replacement of Common Elements; minimum amount equal to or greater than 10% of then current annual budget on a noncumulative basis; to be established on or before Transitional (Bylaws Section 4.5)

Leasing & rentals

Yes; leases are addressed in Bylaws Section 10 (Bylaws Section 10)

Architectural approval

Yes; Architectural Review Committee established; all construction, alterations, and other improvements require approval (Bylaws Section 7.3) (Bylaws Section 7.3)

Signs & flags

Exterior appearance subject to Association approval (Section 4.3(c)); signs likely covered by architectural review (Bylaws Section 7.3), but no specific sign rule (Section 4.3(c); Bylaws Section 7.3)

Setbacks / home size

Unit includes space up to 50 feet above surface (Section 5.1); no specific height limit for structures (Section 5.1 (Unit vertical boundaries to)

Maintenance

Not explicitly; since structures within Unit are Owner responsibility (Section 4.3(b)), roof is likely Owner responsibility (Section 4.3(b) (Owner responsible for al)

Insurance

Association shall obtain casualty insurance (with extended coverage, vandalism, malicious mischief endorsements) on General Common Elements, liability insurance, and worker's compensation (Bylaws Section 6.2) (Bylaws Section 6.2)

Use restrictions

Units may not be used in any manner inconsistent with the purposes of the Project or that might interfere with other Owners' rights (Section 4.6); also general compliance with rules (Bylaws Section 8.3) (Section 4.6; Bylaws Sections 1.2, 8.3, 8)

Voting & meetings

Each Owner entitled to one vote per Unit when voting by number and one vote equal to Percentage of Value when voting by value; voting by number unless specified otherwise; no accumulation of votes (Bylaws Section 2.2)

Amendments

Preconveyance: Developer may unilaterally amend (Section 9.1). Postconveyance: Nonmaterial changes by Board without owner consent (9.2(a)); material changes require consent of not less than 2/3 of Owners and, if required, mortgagees (9.2(b) (Sections 9.1, 9.2)

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