Rockford Hills Condominiums No. 2 Consolidating

Key facts from Rockford Hills Condominiums No. 2 Consolidating's documents

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

Community type

Condominium (Association is a Michigan nonprofit corporation named 'Rockford Hills No. 2 Condominium Association') (Recitals C; Article III, Section 3.1(d))

Governing law

Act 59, Public Acts of 1978, as amended (Michigan Condominium Act) (Recitals C; Article III, Section 3.1(a))

Assessments & dues

Board adopts annual budget and allocates Regular Assessments against all Co-owners as per Section 5.04 of Condominium Bylaws. (Condominium Bylaws Sections 5.01, 5.04)

Special assessments

Special assessments may be levied by the Board as provided in Section 5.05 of Condominium Bylaws (details not fully extracted). (Condominium Bylaws Section 5.05; also re)

Reserves & fees

Association shall maintain a reserve fund equal to or greater than 10% of the then current annual budget on a noncumulative basis. (Condominium Bylaws Section 4.06)

Maintenance

Co-owners responsible for maintenance, repair, replacement of certain Limited Common Elements (4.2(a), (c), (e), (h), (i)) and decoration/cleaning of (f), (g), (j) and snow removal from (b). Association responsible for all other General and (Master Deed Section 4.3(a), 4.3(b), 4.9)

Voting & meetings

Each Unit collectively casts one vote; all votes equal weight; no cumulation. Majority vote for most actions, 2/3 for material amendments (if consent needed), 80% for termination. (Condominium Bylaws Section 2.02; Master )

Amendments

Non-material amendments by Board without owner consent; material amendments that do not require consent listed in 7.1(b); other material amendments require 2/3 vote of Co-owners and mortgagees (if entitled). Certain changes (e.g., percentag (Master Deed Article VII, Sections 7.1, 7)

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