Revado Hills

Key facts from Revado Hills's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Revado Hills

Units / lots

18 (as stated in the body); 36 (as stated in definition of Project) (Master Deed Sec. 1.3 says 18; Master Dee)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Master Deed Sec. 1.2)

Assessments & dues

Board establishes initial budget and annual assessment; Board may increase if insufficient; special assessments require 67% owner approval for additions over $5,000 per year (Bylaws Sec. 5.2(a), (b), (c))

Special assessments

Requires 67% owner approval for additions costing more than $5,000 in any year, purchase of unit on foreclosure, or other appropriate purpose not described; Board discretionary assessments for emergencies or insufficiencies do not require o (Bylaws Sec. 5.2(b), (c))

Collections & liens

Unpaid assessments, interest, collection charges, advances, attorney fees, fines constitute a lien on unit prior to all liens except tax liens and recorded mortgages; enforcement by suit or foreclosure under Section 108 of Act (Bylaws Sec. 5.5(a))

Reserves & fees

Association shall maintain a reserve fund for major repairs and replacement; minimum 10% of annual current budget on noncumulative basis; Board to analyze if greater amount needed (Bylaws Sec. 4.5)

Leasing & rentals

Allowed with notice to Association; lease must include provisions requiring lessee compliance; lessor remains liable for assessments (Bylaws Sec. 10.1, 10.2, 10.4)

Architectural approval

Yes, Architectural Review Committee (ARC) approval required for exterior changes (Bylaws Sec. 7.3, 7.4)

Maintenance

General Common Elements maintained by Association; Limited Common Elements by owner; Unit structures and yard by owner; Association may step in if owner fails (Master Deed Sec. 4.3(a)-(d), (g))

Insurance

Association obtains insurance for Common Elements (Bylaws Sec. 4.2(f), 6.2)

Use restrictions

Units shall be used only for residential purposes (Bylaws Sec. 8.1)

Voting & meetings

One vote per Unit when voting by number; one vote per percentage when voting by value; no cumulative voting; only Owners not in default may vote; Developer votes only units held (Bylaws Sec. 2.2, 2.3)

Amendments

Pre-conveyance: unilateral by Developer; Post-conveyance: non-material changes without owner consent; material changes require 2/3 owners; certain changes require affected owner/mortgagee consent; Developer may amend for compliance without (Master Deed Sec. 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.