York Creek Estates

Key facts from York Creek Estates's documents

Community type

residential site condominium (Article I: "The Project is a residential)

Legal name

York Creek Estates No. 2

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Article II Definitions (2) and Article V)

Assessments & dues

Board establishes annual budget; assessments allocated per percentage of value; regular assessments payable in 12 equal monthly installments or quarterly at Board's discretion (Article V Section 4)

Special assessments

Requires prior approval of two-thirds of all members in value and in number; for capital improvements over $3,500 per year, purchase of unit upon foreclosure, or other appropriate purposes (Article V Section 5)

Collections & liens

Unpaid assessments constitute lien prior to all other liens except taxes and first mortgage; enforceable by suit or foreclosure (judicial or by advertisement); power of sale; 10-day notice required; expenses including attorneys' fees secure (Article V Section 6)

Reserves & fees

At least 10% of current annual budget on noncumulative basis for major repairs and replacement of common elements (Article V Section 10)

Pets

Subject to restrictions (not detailed) (Article VII Section 1(B)(c) (title "ANIM)

Leasing & rentals

Allowed subject to notice of intent to lease and compliance with tenant conduct requirements (Article VIII Sections 1 and 2)

Parking & vehicles

Prohibited except for making deliveries or pick-ups in the normal course of business (2007 Amendment Article I)

Home business

Subject to restrictions (not detailed) (Article VII Section 1(B)(b) (title "Home)

Signs & flags

Subject to restrictions (not detailed) (Article VII Section 1(B)(k) (title "SIGN)

Use restrictions

Residential site condominium; use restrictions likely require residential use (Article I and Article VII Section 1(B)(a)

Voting & meetings

Co-owner per unit: one vote by number and one vote by value equal to percentage of value; no cumulation; mortgagees one vote per first mortgage for amendments (Article II Section 2; Article VII A(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.