Buck Lake Woods Site Condominium

Key facts from Buck Lake Woods Site Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Site Condominium (Article I, Section 1.1)

Governing law

Michigan Condominium Act, Act 59, Public Acts of 1978, as amended (Recitals B; Article III, Definition a)

Assessments & dues

Assessments fixed by Association in accordance with Condominium Bylaws; also Master Association may levy assessments. (Article I, Section 1.3; Article IV, Sect)

Special assessments

Association may specially assess costs incurred for owner's responsibilities (e.g., maintenance) and for certain utility costs. Lien attaches. (Article IV, Section 4.3d; Article VII, S)

Collections & liens

Association has lien for nonpayment of assessments and specially assessed charges, enforceable by foreclosure. (Article IV, Section 4.3d)

Reserves & fees

Interest at 7% per annum is specified for late payment of certain drainage costs. (Article VII, Section 7.3)

Architectural approval

Yes. Exterior appearance of buildings, structures, improvements, and yard areas visible from any other Unit or Common Element is subject to Association approval and aesthetic/maintenance standards. (Article IV, Section 4.3b)

Setbacks / home size

Unit vertical limit of 50 feet above surface; subterranean limit 15 feet below surface (for Limited Common Elements). (Article V, Section 5.1; Article IV, Sect)

Use restrictions

Yes, the Project is a residential site condominium. (Article I, Section 1.1)

Voting & meetings

Each Co-owner votes in proportion to Percentage of Value assigned to Unit (equal 25% each). (Article V, Section 5.2; Article III, Def)

Amendments

Pre-conveyance: Developer unilateral. Post-conveyance: non-material by Developer/Association; material changes by Developer without owner consent for specific items (e.g., redefine Common Elements, correct errors, comply with law, etc.); ot (Article VIII, Sections 8.1, 8.2, 8.3)

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