Olde Millpond

Key facts from Olde Millpond's documents

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

Community type

Condominium (Article 1.1: "The Condominium shall be k)

Governing law

Act 59, Public Acts of 1978, as amended (Michigan Condominium Act) (Title page and Article 3(a))

Assessments & dues

Set by Association (Board) as expenses of administration; assessed to Co-owners according to Percentage of Value. (Article 4.3(b): "cost of maintenance... )

Special assessments

Allowed for unusual expenses benefiting less than all Units or due to conduct of specific Co-owners, assessed against the Unit(s) involved per Section 69 of Michigan Condominium Act. (Article 4.3(e): "Any other unusual commo)

Collections & liens

Association has a lien for non-payment of assessments, enforceable by all means available under law and Condominium Documents. (Article 6.5: "the lien for non-payment s)

Maintenance

Association responsible (roofs are General Common Elements under Article 4.1(i)). (Article 4.1(i): "Building Elements. The )

Use restrictions

Residential condominium development. No explicit mention of home businesses, signs, etc. in extracted text. (Article 1.2: "residential project"; Firs)

Voting & meetings

Each Co-owner entitled to one vote per Condominium Unit when voting by number; one vote with value equal to total percentage assigned to Unit(s) when voting by value. Voting by number except when Master Deed or Bylaws require by number and (Bylaws Article 2.2: "Each Co-owner shall)

Amendments

Non-material amendments may be made by Association alone. Material amendments require consent of not less than 2/3 of Co-owners entitled to vote. Amendments that materially alter rights of mortgagees require consent of not less than 2/3 of (Article 7 (7.1))

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