Clyde Park Avenue Townhomes

Key facts from Clyde Park Avenue Townhomes's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article II: establishes Clyde Park Avenu)

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Article I(e): 'Act' means the Michigan C)

Assessments & dues

Regular assessments for Expenses of Administration based on percentages of value (equal for all units) (Article VI.B: 'All Units are assigned an)

Special assessments

May be levied by Board of Directors (Bylaws Article V, Section 6: Special Ass)

Collections & liens

Association has lien for unpaid assessments; collection procedures in Bylaws Article V, Section 7 (Bylaws Article V, Section 7: Collection )

Reserves & fees

Required for major repairs and replacement (Bylaws Article V, Section 13: Reserve fo)

Leasing & rentals

Rental prohibited (Bylaws Article VIII, Section 1: 'Rental )

Architectural approval

Co-Owner may not change exterior appearance without approval; interior alterations allowed if not impairing structure (Article VIII.A.2-3: 'Subject to restrict)

Signs & flags

Signs on exterior of Units or on General Common Elements installed by Developer or Association allowed; others restricted by Article VII of Bylaws (not detailed) (Article V.A.10: 'Any signs on the exteri)

Maintenance

Association (General Common Element) (Article V.A.7: 'The roof and Unit perime)

Insurance

Required per Article VI of Bylaws (not fully detailed) (Bylaws Article VI, Section 1: Insurance)

Use restrictions

Units may be used for residential, apartment, restaurant, retail or other commercial purposes as provided in Master Deed (Article IV: 'individual Units to be used)

Voting & meetings

Each Unit has one vote by number and one vote by percentage of value; cumulative voting not permitted (Bylaws Article II, Section 2: 'the Co-Ow)

Amendments

Amendments may be made without Co-Owner consent if not material; material amendments require 2/3 vote of Co-Owners in number and 2/3 of mortgagees; Developer may amend for specified purposes without consent (Article XII.A)

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