Vantage Point of Kent County

Key facts from Vantage Point of Kent County's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Vantage Point of Kent County Condominium Association

Governing law

Act No. 59, P.A. 1978, as amended (Michigan Condominium Act) (Article 1.2, PAGE 1-2)

Assessments & dues

Board establishes initial budget for each fiscal year; annual assessments determined based on budget. Assessments apportioned equally among units. Paid in two equal semi-annual installments due June 30 and December 31, or bi-annual option d (Article 5.2(a), 5.3, 5.5(a), PAGE 7-8, P)

Special assessments

For additions >$2,000, purchase of Unit upon foreclosure, or other appropriate purpose, requires prior approval of 60% or more of all Co-owners. (Article 5.2(c), PAGE 8)

Collections & liens

Unpaid assessments constitute a lien on the Unit, prior to all except tax liens and first mortgage of record recorded prior to notice of lien. Association may enforce by money judgment or foreclosure under Section 108 of Act. In foreclosure (Article 5.5(a), PAGE 9-10)

Reserves & fees

Association shall maintain a reserve fund for major repairs and replacement of Common Elements, minimum of 10% of current annual budget on noncumulative basis. Board should analyze if greater amount needed. (Article 4.5, PAGE 6)

Pets

Yes, limited. Without prior written consent: one dog, one cat, and/or two caged birds. Consent may be revoked. No exotic, savage, dangerous animals. No commercial breeding. Must be kept under care and restraint; not obnoxious. Owner respons (Article 8.3(h), PAGE 19-20)

Home business

Approved home occupations allowed if they do not generate unreasonable traffic or change residential character; approval not transferable and revocable. (Article 8.1, PAGE 18)

Use restrictions

Condominium Units shall be used exclusively for residential occupancy, single family residence. Home occupations allowed if approved, with conditions. No apartment, rooming house, day care, foster care, commercial, multiple-family, home ren (Article 8.1, PAGE 18)

Voting & meetings

Each Co-owner one vote per Unit when voting by number; one vote equal to percentage of value when voting by value. No cumulative voting. Developer only votes units held and assessments paid. (Article 2.2, 2.3, PAGE 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.