Cascade Lakes

Key facts from Cascade Lakes's documents

Community type

Condominium

Legal name

Cascade Lakes Condominium Association

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Art. 3.1(a) (DOC 137584))

Assessments & dues

Board establishes annual budget; assessments apportioned equally among Co-owners; Board may increase general assessment or levy additional assessments if needed for operations, replacements, additions ≤$5,000 annually, or emergency (Bylaws Art. 2.2(a) (DOC 137584, page 18-)

Special assessments

Special assessments for additions >$5,000, purchase of Unit upon foreclosure, or other purposes require approval of more than two-thirds of all Co-owners (Bylaws Art. 2.2(b) (DOC 137584, page 19))

Collections & liens

Association may enforce by suit at law for money judgment or by foreclosure of statutory lien; may declare entire annual assessment due; may discontinue services after 7 days written notice; defaulting co-owner may not use Common Elements o (Bylaws Art. 2.5 (DOC 137584, page 19-21))

Reserves & fees

Adequate reserve fund established in budget, funded by regular monthly payments; minimum 10% of current annual budget on noncumulative basis (Bylaws Art. 2.2(a) (DOC 137584, page 18))

Pets

Dogs, cats, and pet birds allowed in reasonable numbers as pets; no commercial breeding; no savage/dangerous animals (Bylaws Art. 6.1.8 (DOC 137584, page 25))

Home business

Home occupations allowed if complying with Cascade Township Zoning Ordinance (Bylaws Art. 6.1.2 (DOC 137584, page 25))

Signs & flags

All signs must conform to Cascade Charter Township Sign Ordinance; no signs except one 'For Sale' sign up to 5 sq ft without approval (Bylaws Art. 6.1.4 (DOC 137584, page 25))

Use restrictions

Units for single-family residential purposes; no more than one residence per Unit (Bylaws Art. 6.1.1 (DOC 137584, page 25))

Voting & meetings

Each Unit has equal Percentage of Value which determines vote value; assessments apportioned equally (Art. 5.2 (DOC 137584, page 8); Bylaws Ar)

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