Klingman Lofts I Condominium

Key facts from Klingman Lofts I Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title 'MASTER DEED OF KLINGMAN LOFTS I C)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Master Deed Article I.A)

Collections & liens

Board may enforce assessments through liens and foreclosure proceedings (Bylaws Article IV Section 3(b))

Leasing & rentals

Yes, units used for residential rental purposes (Master Deed Article IV)

Signs & flags

Co-owner may display a single United States flag not larger than 3 feet by 5 feet on the exterior of their Unit (Master Deed Article XIII)

Maintenance

Building roofs are General Common Elements; maintained by Association (Master Deed Article V.A(2)(a))

Insurance

Board may carry insurance; casualty and condemnation proceeds controlled by master mortgage if applicable (Bylaws Article IV Section 3(c); Master D)

Use restrictions

Units used for residential rental purposes, including affordable multi-family residential (Master Deed Article IV)

Voting & meetings

Each Unit has one vote by number and one vote equal to Percentage of Value when voting by value (Bylaws Article II Section 2)

Amendments

Material amendments require affirmative vote of 2/3 of Co-owner votes and consent of 2/3 of first mortgagees; Developer may amend for minor purposes without consent (Master Deed Article X.A(2) and (5))

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