Caulfield's Add

Key facts from Caulfield's Add's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

219 Canton Condominium

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Section 1.2, Master Deed, page 4)

Assessments & dues

Board establishes initial budget in advance for each fiscal year, then annual assessment is determined based on budget and apportioned according to Percentage of Value. Budget subject to ratification by majority of Co-owners in Vote by Numb (Bylaws Section 5.2(a) and (b), pages 27-)

Special assessments

Special assessments in excess of Board's discretionary adjustments may be made with approval of 67% or more of all Co-owners in both Vote by Number and Vote by Value, including for additions costing more than $5,000 in any year, purchase of (Bylaws Section 5.2(c), page 28)

Collections & liens

Unpaid assessments, with interest, collection and late charges, advances, attorney fees and fines constitute a lien on the Unit prior to all other liens except tax liens and sums unpaid on a mortgage recorded prior to Association's lien not (Bylaws Section 5.5(a), pages 29-30)

Reserves & fees

Association shall maintain a reserve fund for major repairs and replacement of Common Elements, minimum amount of 10% of then-current annual budget on a noncumulative basis, to be established on or before Transitional Control Date. (Bylaws Section 4.5, page 26)

Leasing & rentals

Leasing is permitted. Notice of lease to Association required. Terms of lease must be in writing, lessee must comply with Condominium Documents. (Bylaws Article 9, pages 18-19)

Architectural approval

Written consent of the Association required for structural modifications to a Unit or Limited Common Element. Consent evidenced by affirmative vote of majority of all Co-owners in both Vote by Number and Vote by Value. (Bylaws Section 4.4(a), page 25)

Maintenance

Limited Common Elements: each Co-owner individually responsible for cleaning, maintenance, repair, and replacement. General Common Elements: Association responsible except when caused by act/neglect of a Co-owner. Fire suppression system ma (Master Deed Section 4.3(a) and (d), page)

Voting & meetings

Each Co-owner entitled to vote in Vote by Number or Vote by Value; voting is Vote by Number except when specifically required to be both Vote by Number and Vote by Value. No cumulation. (Bylaws Section 2.2, page 22)

Amendments

Pre-conveyance: Developer may unilaterally amend if no other Co-owners. Post-conveyance: Non-material amendments may be made without consent of any Co-owner or mortgagee. Material amendments require consent of not less than two-thirds of Co (Master Deed Article 9, 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.