Hopson Flats Condominium

Key facts from Hopson Flats Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed title and definition of Cond)

Legal name

Hopson Flats Condominium Association (Article I Definition B: "'Association' m)

Governing law

Michigan Condominium Act, Act 59 of 1978 (Article I Definition A: "Act" means the )

Assessments & dues

Board of Directors levies and collects assessments; assessments based on percentage of value (Bylaws Article IV Section 3(b); Master D)

Collections & liens

Board may enforce assessments through liens and foreclosure proceedings (Bylaws Article IV Section 3(b): "to enfo)

Reserves & fees

Board may impose fines and late payment charges (Bylaws Article IV Section 3(f): "imposin)

Maintenance

Roof is a General Common Element; Association maintains (Article V A(2): building roofs are Gener)

Insurance

For disability modifications, Co-owner must maintain liability insurance naming Association as additional insured (Article XII A(4): "Any Co-owner making a)

Voting & meetings

Each Co-owner is entitled to one vote by number and one vote by value (percentage of value) per Unit; jointly owned units designate a representative (Bylaws Article II Sections 2 and 3)

Amendments

Amendment requires 2/3 vote of Co-owners and 2/3 consent of first mortgagees for certain changes; Association may amend without consent for corrections, compliance, etc. (Article X A(2) and A(7))

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