Highlands at Rivertown Park

Key facts from Highlands at Rivertown Park's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1.2, page 4: 'establish the real)

Legal name

The Highlands at Rivertown Park

Developer / declarant

Redstone Land Development, LLC (Page 4, opening paragraph)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Article 1.2, page 4: 'under the provisio)

Assessments & dues

Board develops annual budget and determines, levies, and collects assessments necessary for operation and affairs of the Condominium (Bylaws 4.2(b), page 29)

Special assessments

Increased costs from owner improvements may be specially assessed against that Unit; also cost of repair due to owner's act or neglect charged to owner (Master Deed 4.3(b) and 4.3(d), pages 11-)

Reserves & fees

Maintained at minimum 10% of annual budget on noncumulative basis; established on or before Transitional Control Date (Bylaws 4.5, pages 30-31)

Use restrictions

Residential use (heading only; no details provided in excerpt) (Bylaws 7.1 heading, page 15)

Voting & meetings

Each Co-owner one vote per Unit by number; one vote with value equal to total percentages assigned when voting by value; no cumulation (Bylaws 2.2, page 26)

Amendments

Pre-conveyance: Developer may unilaterally amend with no other Co-owner. Post-conveyance: non-material amendments without consent; material amendments require 2/3 Co-owners and mortgagee consent where required; Developer reserved rights may (Article 10, pages 17-18)

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