Carriage Lane Condominiums

Key facts from Carriage Lane Condominiums's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential condominium (Article I, Section 1.1)

Legal name

Carriage Lane Condominium Association (Article III, Section 3.1(c))

Developer / declarant

Carriage Company, L.L.C.

Governing law

Michigan Condominium Act (Act 59, Public Acts of 1978) (Preliminary statement B and Article III,)

Special assessments

Special assessments exceeding $3,500 or $45 per Unit annually require approval of 60% of all Co-owners. (Exhibit A, Article V, Section 5.2(c))

Reserves & fees

Minimum reserve fund of 10% of annual budget on a noncumulative basis, maintained on or before Transitional Control Date. (Exhibit A, Article IV, Section 4.5)

Maintenance

Association (roofs are part of General Common Elements - Building Elements) (Master Deed Article IV, Section 4.1(k))

Use restrictions

Yes (Exhibit A, Article VII, Section 7.1)

Voting & meetings

One vote per Unit by number; one vote by value equal to percentage when voting by value. No cumulation. (Exhibit A, Article II, Section 2.2)

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