Bowen Lake Village

Key facts from Bowen Lake Village's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Association (Bowen Lake Village Condominium Association) (Amended and Restated Master Deed (2023),)

Legal name

Bowen Lake Village Condominium Association (Master Deed Art. 3(c); Bylaws Art. 1.2)

Units / lots

108 (unit numbers 60, 92, 99, 100, 101, 102 removed) (Amended and Restated Master Deed (2023),)

Developer / declarant

Clear Creek, L.L.C. (Amended and Restated Master Deed (2023),)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Amended and Restated Master Deed (2023),)

Assessments & dues

Board establishes annual budget and assesses based on equal percentage of value per unit (Master Deed Art. 5.2; Bylaws Art. 8.4 (a)

Special assessments

Board may levy additional assessments if funds insufficient (Amendment to Condominium Bylaws (2005), )

Collections & liens

Association has lien for unpaid assessments and may foreclose; also for costs incurred for owner’s failure to maintain (Master Deed 4.3(f); Bylaws Art. 8.4)

Reserves & fees

Budget must establish adequate reserve fund for maintenance/repair/replacement of common elements, financed by regular monthly payments (Amendment to Condominium Bylaws (2005), )

Leasing & rentals

Allowed; member must notify association of any transfer (sale or lease) and provide names/addresses and term if lease (Amendment to Condominium Bylaws (2005), )

Use restrictions

Condominium is a residential site condominium project (Master Deed Art. 1.2, 1.3)

Voting & meetings

One vote per unit; owner must not be in default >60 days (Amended and Restated Condominium Bylaws )

Amendments

Non-material by Association; material requires 2/3 co-owner vote; mortgagee consent if rights affected; percent value change requires consent of each affected unit owner and mortgagee (Master Deed Art. 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.