Hermitage Flats

Key facts from Hermitage Flats's documents

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

Community type

Residential Condominium (Section 1.1)

Legal name

Hermitage Flats Association (Section 3.1(c))

Governing law

Michigan Condominium Act (Act 59, Public Acts of 1978), as amended (Preliminary Statement B, Section 3.1(a))

Assessments & dues

Board determines regular and special assessments; includes administrative expenses and reserve contributions (Sections 5.01, 5.04 of Bylaws (TOC); Sec)

Special assessments

Permitted; must be approved by Board per Bylaws (TOC: 5.05 Determination of Special Assessment) (Section 5.05 of Bylaws (table of content)

Collections & liens

Association has power to collect assessments; details in Bylaws (TOC: 5.06 Collection of Assessments, 5.07 Application of Payments) (Sections 5.06, 5.07 of Bylaws (table of )

Reserves & fees

Required; Association must maintain reserve fund (TOC: 4.07 Reserve Fund) (Section 4.07 of Bylaws (table of content)

Leasing & rentals

Yes, subject to Bylaws restrictions (TOC: 9.01 Ownership, Transfer and Lease, 9.02 Leases and Occupancy Agreement) (Sections 9.01, 9.02 of Bylaws (table of )

Home business

Restricted; Bylaws 7.02 Home Occupations (TOC) (Section 7.02 of Bylaws (table of content)

Signs & flags

Only Project identification sign is a General Common Element (Section 4.1L); no other sign rules (Section 4.1(L))

Maintenance

Roof is a General Common Element; maintenance/replacement by Association (Section 4.1(j), 4.3(b)) (Sections 4.1(j), 4.3(b))

Insurance

Association must maintain insurance on Project as a whole (Bylaws 6.02 Insurance - TOC) (Section 6.02 of Bylaws (table of content)

Use restrictions

The Project is a residential condominium; Units for residential use (Section 1.1; Bylaws 7.01 Residential Use)

Voting & meetings

Each Co-owner’s vote is based on Percentage of Value (equal 50% each) (Section 3.1(r), Section 5.2)

Amendments

Detailed in Article VIII: Pre-conveyance (Developer alone), Post-conveyance (non-material by Developer or Assoc with majority; material with 2/3 Co-owner and mortgagee vote; some amendments by Developer without consent; mortgagee consent ne (Sections 8.1, 8.2, 8.3, 8.4)

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