Boulder Ridge Condominium HOA

Key facts from Boulder Ridge Condominium HOA's documents

Community type

condominium (Master Deed Article I ("Condominium Proj)

Legal name

Boulder Ridge Condominiums of Rochester

Developer / declarant

Boulder Ridge of Rochester LLC

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Master Deed preamble and Article III, Se)

Assessments & dues

Board of Directors establishes annual budget. Assessments apportioned among units according to percentage of value (Master Deed Article V, Section 2; Bylaws Article II, Section 4). (Master Deed Article V, Section 2; Bylaws)

Special assessments

Allowed for additions exceeding $1,000, purchase of unit upon foreclosure, or other appropriate purposes, but requires prior approval of more than 60% of Co-owners in number and value. Board may also levy emergency assessments without Co-ow (Bylaws Article II, Section 3(b))

Collections & liens

Association has lien for unpaid assessments. Can foreclose by judicial action or by advertisement. Prior notice required (10 days by mail). Collection expenses including attorneys' fees secured by lien. (Bylaws Article II, Sections 6(a)-(d) (Bylaws Article II, Section 6)

Reserves & fees

Minimum reserve fund equal to 10% of Association's current annual budget on a non-cumulative basis. Additional reserves may be established as needed. (Bylaws Article II, Section 3(a)). (Bylaws Article II, Section 3(a))

Pets

Pets allowed with restrictions: only 1 dog or 1 cat, not exceeding 40 pounds, unless specifically approved in writing by Association. No breeding for commercial purpose. No savage or dangerous animals. Dog that barks frequently or continuou (Bylaws Article VI, Section 5)

Leasing & rentals

Co-owner may lease Unit for residential purposes with written disclosure to Association at least 10 days before presenting lease form. Minimum initial lease term of 6 months unless specifically approved in writing. Developer may lease witho (Bylaws Article VI, Section 2(a) and (b)()

Maintenance

Roof is part of General Common Elements (Master Deed Article IV, Section 1(h)), therefore Association responsible for maintenance, repair, replacement. (Master Deed Article IV, Section 1(h))

Insurance

Association shall carry fire and extended coverage, vandalism and malicious mischief, liability insurance, and workers' compensation insurance (if applicable). Coverage includes Common Elements, interior walls within units, pipes, wires, co (Bylaws Article IV, Section 1(a) and (b))

Voting & meetings

Vote based on percentage of value assigned to each unit (Master Deed Article V, Section 2). Special assessments require approval of more than 60% of Co-owners in number and value (Bylaws Article II, Section 3(b)). Reconstruction after total (Master Deed Article V, Section 2; Bylaws)

Amendments

Master Deed and Condominium Subdivision Plan may be amended by consent of 66-2/3% of Co-owners, except: (1) unit dimension modification requires unit owner's consent; (2) Limited Common Element changes require owner of appurtenant unit cons (Master Deed Article VIII, Sections 1-6)

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