Townhomes of Breton Village

Key facts from Townhomes of Breton Village's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential condominium (Article I.A: 'The Project is a residenti)

Units / lots

9 (current), up to 20 with expansion (Article I.A: 'nine (9) Condominium Units)

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Article III.A.(a): 'Act' definition)

Age restriction

Not present

Assessments & dues

Set by Board based on annual budget; due January 1st (Bylaws Article III.D(b): 'annual assessm)

Special assessments

Requires approval of more than two-thirds (2/3) of all Co-owners for certain items (additions >$10,000, purchase of unit upon foreclosure, etc.) (Bylaws Article III.D(d): 'special assess)

Collections & liens

Unpaid assessments create a lien on the Unit; foreclosure by judicial action or advertisement; redemption period 6 months (1 month if abandoned); attorney fees and costs allowed (Bylaws Article III.G)

Reserves & fees

Required; minimum of 10% of current annual budget on noncumulative basis; to be used for major repair and replacement of Common Elements (Bylaws Article III.C)

Architectural approval

Co-owner shall not change exterior appearance of Unit or any portion of Project except as permitted by Act (MCL 559.147a) (Article VII.C: 'Except as permitted by S)

Signs & flags

Only signs installed by Developer or Association are permitted on exterior of Units or General Common Elements (Article IV.A(k): 'Any signs on the exter)

Maintenance

Association responsible (part of General Common Elements - Building Elements: roofs and Unit perimeter walls) (Article IV.A(j): 'Building Elements. The)

Insurance

Not detailed

Use restrictions

Project is residential; no contrary use specified (Article I.A: 'The Project is a residenti)

Voting & meetings

One vote per Unit; Percentage of Value equal for each Unit (Article V.A: 'percentages of value ... w)

Amendments

Non-material amendments may be made without co-owner or mortgagee consent. Material amendments require affirmative vote of two-thirds (2/3) of co-owners and two-thirds (2/3) of mortgagees. Certain changes (like termination, percentage formu (Article X (Amendment))

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