Carlisle Crossings North Site Condominiums

Key facts from Carlisle Crossings North Site Condominiums's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium – Site Condominium (Act 59 of 1978, as amended) (Article I (Nature of Project); Master De)

Legal name

Carlisle Crossings North Site Condominiums Condominium Association (Article III(e))

Developer / declarant

Signature Land Development Corporation, a Michigan corporation (Master Deed opening paragraph)

Governing law

Michigan Condominium Act, Act 59 of Public Acts of 1978, as amended (Master Deed heading and WITNESSETH parag)

Assessments & dues

Board establishes annual budget; assessments apportioned by Percentage of Value (equal per unit) (Bylaws Article II(B)(1); Article II(C))

Special assessments

Allowed; for additions exceeding $10,000 or other purposes requires approval of more than two-thirds of Co-owners. Board may levy without owner vote for emergency or increases under $10,000. (Bylaws Article II(B)(2))

Collections & liens

Unpaid assessments with interest, late charges, attorney fees, and fines constitute a lien on the unit. Lien has priority over later recorded first mortgage if notice of lien recorded. Association may enforce by money judgment or foreclosur (Bylaws Article II(E)(1))

Reserves & fees

Required; minimum 10% of current annual budget on noncumulative basis. Must be funded by regular annual payments. (Bylaws Article II(B)(1))

Architectural approval

Yes, Association approval required for appearance of buildings and for any improvements that increase maintenance costs or modifications (including for disabilities) (Article IV(C): 'appearance of all buildi)

Maintenance

Not explicitly stated; structure within Unit is Co-owner's responsibility (Article IV(C): 'The costs of maintenance)

Insurance

Not detailed; mention of insurance proceeds for General Common Elements (Bylaws Article II(A): 'sums received as )

Use restrictions

Yes, units designed and intended for residential purposes (Article I: 'designed and intended for se)

Voting & meetings

Each Co-owner has one vote per Unit; Percentage of Value equal among Units (Article V(B); Bylaws Article II(C))

Amendments

Developer may amend without material change during Development Period; material change requires 2/3 votes of Co-owners and mortgagees (specific procedure for mortgagee vote); certain amendments (e.g., change in percentage of value, rental r (Article VII (a)-(k); also Article VII(i))

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