River Bluffs

Key facts from River Bluffs's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium with Homeowners Association (River Bluffs Homeowners Association, a Michigan non-profit corporation) (Master Deed Art. I, Sec. 1.1; Art. III, )

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Master Deed, first WHEREAS clause)

Assessments & dues

Board of Directors establishes annual budget; assessments apportioned equally among Co-owners; annual assessments payable in equal quarterly installments due Jan 1, Apr 1, Jul 1, Oct 1 (Bylaws Art. II, Secs. 2.2(a) and 2.3)

Special assessments

Special assessments exceeding $3,000 annually for entire Project require approval of more than 2/3 of all Co-owners; other special assessments may be made by Board with 2/3 Co-owner approval (except emergencies and other listed exceptions) (Bylaws Art. II, Sec. 2.2(b))

Collections & liens

Unpaid assessments, interest, late charges, advances, attorney fees, and fines constitute a lien on the unit; Association may foreclose by judicial action or advertisement; redemption period is 6 months (1 month if abandoned). (Bylaws Art. II, Sec. 2.5(a) and (b))

Reserves & fees

Minimum reserve fund equal to 10% of Association's current annual budget on a noncumulative basis; funded by regular quarterly payments. (Bylaws Art. II, Sec. 2.2(a))

Leasing & rentals

Not explicitly regulated in Master Deed, but any amendment to provisions relating to ability or terms of renting a Unit requires consent of each affected Co-owner and mortgagee. (Master Deed Art. IX, Sec. 9.1(d))

Architectural approval

Yes, any improvements other than those built by Developer require approval of Developer during Development Period, thereafter approval of Association. (Master Deed Art. VII, Sec. 7.1)

Use restrictions

Implied by definition of project as single family site condominium; only single family residence and associated improvements permitted within a Unit. (Master Deed Art. I, Sec. 1.1; Art. VII, )

Voting & meetings

Percentage of Value assigned equally to each Unit determines vote value; voting by value or by number and value (Master Deed Art. III, Sec. 3.1(q); Art. )

Amendments

Amendments may be made by Developer during Development Period and thereafter by Association; material changes require 2/3 vote of Co-owners and, in certain cases, vote of first mortgagees; certain amendments require consent of each affected (Master Deed Art. IX, Sec. 9.1)

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