Kissing Rock Estates

Key facts from Kissing Rock Estates's documents

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

Community type

Residential Site Condominium (Article 1.1: "a residential site condomi)

Legal name

Kissing Rock Estates

Developer / declarant

Kissing Rock, LLC

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Preamble: "pursuant to the provisions of)

Assessments & dues

Board establishes annual budget and assesses expenses per Percentage of Value of each Unit (Bylaws 5.4: "The Board shall establish a)

Special assessments

Special assessments may be levied with approval of Members for capital improvements exceeding $1,000 per year or other needs (Bylaws 5.5: "special assessments may be )

Collections & liens

Assessments are liens on Units; lien may be enforced by foreclosure (Bylaws 3.4(b): "to levy and collect asse)

Reserves & fees

Board shall establish an adequate reserve fund for maintenance, repair and replacement of General and Limited Common Elements, financed by regular annual assessments (Bylaws 5.4: "the budget shall establish )

Architectural approval

Exterior appearance of all structures and yard areas subject to written approval of Association; Architectural Control Committee defined (Master Deed 4.3(a): "exterior appearance)

Signs & flags

Developer may place signs on Common Elements and Units for sales and promotional purposes during Development and Sales Period; otherwise subject to Association approval (Master Deed 4.6(c): "to place signs on t)

Maintenance

Co-owner responsible for Unit and Limited Common Elements; Association responsible for all other Common Elements including snow and ice removal; if Co-owner fails, Developer or Association may perform and charge (Master Deed 4.3(a), (b), (d): detailed r)

Use restrictions

Implied; Units shall not be used in any manner inconsistent with the purposes of the Project or interfere with other Co-owners (Master Deed 4.8: "Units shall not be use)

Voting & meetings

Each Member entitled to one vote per Unit by number and one vote per Unit by value (equal to Percentage of Value); cumulative voting not permitted (Bylaws 2.2: "one vote per Unit when voti)

Amendments

During Development and Sales Period, Developer may unilaterally amend; after, amendment requires two-thirds vote of Co-owners and two-thirds vote of mortgagees; Developer may amend for specific purposes without consent; amendments to benefi (Master Deed Article 10, Sections 10.1-10)

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