Alderwood Condominium

Key facts from Alderwood Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential attached conventional condominium (Section 1.1)

Governing law

Michigan Condominium Act, Act 59, Public Acts of 1978, as amended (Preliminary Statement)

Assessments & dues

Board develops annual budget, determines and levies assessments (Bylaws Section 4.2(b))

Special assessments

allowed for limited common element maintenance failure; also for certain expenses (Section 4.3(b); Bylaws 4.2(b))

Collections & liens

Association has lien for nonpayment of assessments and charges; may foreclose (Section 4.4(b))

Maintenance

Association responsible for roof of condominium buildings (Section 4.3(b))

Use restrictions

yes (Section 1.1)

Voting & meetings

one vote per Unit by number; one vote equal to percentage of value when voting by value (Bylaws Section 2.2)

Amendments

pre-conveyance: Developer may amend unilaterally; post-conveyance: non-material changes without consent, material changes require 2/3 consent of Co-owners and mortgagees, but no change to unit dimensions or percentage formula without affect (Article 9.1, 9.2)

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