Five Lake Association

Key facts from Five Lake Association's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (nonprofit corporation) under Michigan law (WHEREAS: 'the Association, a Michigan no)

Units / lots

414 (81 + 89 + 98 + 52 + 94) (Exhibit A: '81 lots', '89 lots', '98 lot)

Governing law

Michigan Homeowners' Energy Policy Act, Act 68 of 2024; Michigan foreclosure law (Amendment 8 (Paragraph 20); Paragraph 5()

Assessments & dues

Determined annually by Board based on budget (Amendment 3: new Paragraph 5(C))

Special assessments

May be levied by Board with prior approval of majority of lot owners in good standing; purposes enumerated (deficits, emergencies, purchase on foreclosure, other appropriate purposes) (Amendment 3: new Paragraph 5(D))

Collections & liens

Association may record lien; may foreclose by judicial action or advertisement under Michigan law; lien subordinate to first mortgage recorded before lien (Amendment 3: new Paragraph 5(A), 5(F), 5)

Reserves & fees

Budget may include reasonable allowance for contingencies and reserves (Amendment 3: new Paragraph 5(C))

Leasing & rentals

Yes, with restrictions (Amendment 7: new Paragraph 19)

Fences

Maximum height 6 feet; must be approved by Board (Amendment 6: new Paragraph 18)

Architectural approval

Yes for fences (board approval required) (Amendment 6: new Paragraph 18)

Home business

Permitted subject to conditions: no excess pedestrian/vehicular traffic, no excessive noise/vibrations/odors, entirely within interior, no outdoor storage/signage/visible alterations. For-profit day-care, adult foster care, animal shelter, (Amendment 1: new Paragraph 1)

Use restrictions

All lots used solely as residential property; commercial activity only if does not disrupt character, no excess traffic, noise, etc., and operates entirely within building interior with no outdoor signage or storage (Amendment 1: new Paragraph 1)

Voting & meetings

Each lot owner entitled to 1 vote per lot owned; but owner of multiple lots may cast no more than 2 votes total for all lots owned. No more than 1 vote per lot. (Amendment 2: new Paragraph 4)

Amendments

Future amendments require approval by vote of at least 51% of all lot owners (not notarized consents). Owner of one lot gets 1 vote; owner of multiple lots gets 2 votes total. Amendment executed by President and recorded. (Amendment 13: new Paragraph 25)

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