Woods at Carlisle Crossing

Key facts from Woods at Carlisle Crossing's documents

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

Legal name

The Woods at Carlisle Crossings Condominium Association, a Michigan non-profit corporation (Article I, "creation of The Woods at Car)

Governing law

Michigan Condominium Act, Act 59 of Public Acts of 1978, as amended (Preamble and Article I)

Special assessments

Requires approval of more than 2/3 of all Co-owners for additions exceeding $10,000 or other purposes; Board can levy without vote for emergencies or increases under $10,000 (Bylaws Article II.B(1) and (2))

Collections & liens

Association has lien for unpaid assessments; may foreclose by judicial action or advertisement; redemption period 6 months unless property abandoned (Bylaws Article II.E)

Reserves & fees

Minimum reserve equal to 10% of current annual budget on noncumulative basis; must be funded by regular monthly payments (Bylaws Article II.B(1))

Use restrictions

Units designed and intended for residential purposes; future units restricted exclusively to residential use (Article I and Article X.B)

Voting & meetings

Each Unit has equal vote based on equal percentage of value assigned (Article V.B, "percentage of value assign)

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