Golf Ridge Condominiums

Key facts from Golf Ridge Condominiums's documents

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

Community type

Residential Condominium (Nature of Project section)

Legal name

Golf Ridge Condominiums

Governing law

Act 59, Public Acts of 1978, as amended (Michigan Condominium Act) (Recitals, page 1; Section 2.1(a) definit)

Assessments & dues

Board adopts annual budget and assesses common charges against all Co-Owners according to their respective common interests (Percentage of Value) on a monthly basis. (By-Laws Section 8.2)

Special assessments

Requires approval by 60% of Co-Owners in number and value. If unused funds exceed 5% of the special assessment, excess must be returned (provision in late fee context). (By-Laws Section 8.2 last paragraph, and )

Collections & liens

Unpaid assessments together with interest, late charges, advances for taxes or liens, attorney fees, and fines constitute a lien on the Unit, prior to all other liens except tax liens and prior recorded mortgages. Enforcement by suit for mo (By-Laws Section 8.5(a))

Reserves & fees

$25 per month applied to any assessment not paid by the 15th day of each month, cumulative. (By-Laws Section 8.3)

Voting & meetings

Each Unit entitled to one vote by number and one vote by value (percentage). Voting is by number except where specific provision requires by value. No cumulation of votes allowed. (By-Laws 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.