White Pine Site Condominium

Key facts from White Pine Site Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Site Condominium (Master Deed title: "White Pine Site Cond)

Legal name

White Pine Site Condominium

Developer / declarant

Craig A. Cox, Sr. and Grace M. Cox, husband and wife, Craig Allen Cox II and Melissa M. Cox, husband and wife

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Master Deed preamble and Article III 3.1)

Assessments & dues

Not fixed; determined annually by budget; each Unit pays equally (Bylaws Article II 2.3 (Page 15))

Special assessments

Allowed with approval of more than 2/3 of all Co-owners for purposes not covered by budget (e.g., additions over $5,000, purchase of foreclosed unit) (Bylaws Article II 2.2(b) (Page 15))

Collections & liens

Unpaid assessments (including interest, fees, fines) constitute a lien; can be foreclosed by judicial action or advertisement; redemption period for advertisement foreclosure is 1 month (Bylaws Article II 2.5 (Page 16-17))

Reserves & fees

Adequate reserve fund for periodic replacement established in budget, funded by regular semi-annual payments; minimum 10% of annual budget on noncumulative basis (Bylaws Article II 2.2(a) (Page 14))

Leasing & rentals

Yes, a Co-owner may lease his Unit for residential purposes (Bylaws Article VI 6.6(a) (Page 23))

Architectural approval

Yes, for changes to Common Elements, and for improvements within a Unit (only single family residence and associated improvements permitted, with Association approval) (Master Deed Section 7.1 (Page 8); Bylaws)

Home business

Professional or quasi-professional co-owners may use residence as ancillary facility to office elsewhere, without generating public traffic or external display (Bylaws Article VI 6.1 (Page 21))

Maintenance

Co-owner bears cost of maintenance, repair, replacement of improvements within Unit and appurtenant Limited Common Elements; Association bears cost for General Common Elements (road, utilities, storm water, common land, etc.) (Master Deed Section 4.3 (Page 6-7))

Insurance

Association shall carry liability and other insurance as Board determines appropriate for benefit of Association, Co-owners and mortgagees (Bylaws Article IV 4.1, 4.1(a) (Page 19))

Use restrictions

Units must be used exclusively for residential occupancy as single family residence, except limited professional ancillary use (Bylaws Article VI 6.1 (Page 21))

Voting & meetings

Each Co-owner has one vote per Unit; Percentage of Value determines vote weight; first mortgagees have one vote per Unit on certain amendments (Master Deed Article V 5.2 (Page 7); Arti)

Amendments

Detailed in Master Deed Article IX: Developer may amend without consent during Development Period for non-material changes; material changes require 2/3 vote of Co-owners and mortgagees; certain provisions (percentage of value, rental terms (Master Deed Article IX (Page 9-10))

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