Michigan Street Project Condominium

Key facts from Michigan Street Project Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Business condominium project (Recital A: "the Developer desires to est)

Units / lots

Initially five (5) units: four (4) Tower Units (units 2,3,4,5) and one (1) Parking Facility Unit (unit 1). (Recital B and Article I (aa), (u))

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended ("Act") (Article I(a))

Reserves & fees

A reserve for major repairs and replacement is established as per Bylaws Article V, Section 11 (from table of contents). (Exhibit A, Article V, Section 11)

Amendments

The Condominium Documents may be amended without Co-owner/mortgagee consent if the amendment does not materially alter rights (e.g., modifying unsold units, correcting errors). For material amendments, an affirmative vote of two-thirds (2/3 (Article XI.A(1), (2), (4))

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