Amber Ridge Condominiums Consolidating Md

Key facts from Amber Ridge Condominiums Consolidating Md's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

184 (Article VI, Section 1: The Condominium c)

Developer / declarant

B & G Development, LLC (original Developer); rights assigned to Association (Article III, Section Q: Developer refers)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Header: ACT 59, PUBLIC ACTS OF 1978, AS )

Special assessments

May be levied by Board for limited common element expenses, unusual expenses benefiting less than all units, or additions exceeding 10% of budget (requires majority vote) (Bylaws Article II, Section 3(C))

Collections & liens

Statutory lien for unpaid assessments; foreclosure by judicial action or advertisement (Bylaws Article II, Section 7(A) and (C))

Reserves & fees

At least 10% of current annual budget on noncumulative basis, funded annually; may be supplemented by additional or special assessments (Bylaws Article II, Section 3(D): must be)

Voting & meetings

Co-owners have voting rights; each Unit's vote is equal (Article I, Section 2; Article VI, Sectio)

Amendments

Material changes require affirmative vote of two-thirds (2/3) of Co-owners; mortgagee consent also required if rights affected; Percentage of Value modification requires consent of each affected co-owner and mortgagee; termination requires (Article VIII, Sections 1, 2, 3, 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.