Anderson Woods

Key facts from Anderson Woods's documents

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

Community type

Condominium (Master Deed title and throughout)

Units / lots

Maximum 90 units; first phase 14 units (Article I (Preamble) and Article I (Natu)

Governing law

Michigan Condominium Act, Act 59 of Public Acts of 1978, as amended (Master Deed preamble (page 1-2))

Assessments & dues

Set annually by Board of Directors based on budget; allocated per Percentage of Value (Exhibit A, Article V, Section 4)

Special assessments

May be levied by Board after approval of more than 3/4 of all Members in value and number, for capital improvements over $2,000/year, purchase of a unit, or other appropriate purposes (Exhibit A, Article V, Section 5)

Collections & liens

Unpaid assessments constitute a lien on the unit, prior to all liens except tax liens and first mortgage of record; Association may foreclose by judicial action or by advertisement (power of sale); 10-day notice required before foreclosure (Exhibit A, Article V, Section 6)

Reserves & fees

Budget shall establish adequate reserve fund for maintenance, repair, replacement of General and Limited Common Elements, financed by regular semi-annual payments (Exhibit A, Article V, Section 4)

Maintenance

Limited Common Elements maintained by Co-owner; General Common Elements by Association; Association responsible for storm water management facilities; Co-owner responsible for all structures and improvements within unit (Master Deed Article IV.C)

Use restrictions

All added lands shall be dedicated exclusively to residential use (Article I - Nature of Project (page 3))

Voting & meetings

Each unit collectively entitled to one vote when voting by number and one vote; no cumulation (Exhibit A, Article II, Section 2)

Amendments

If no co-owner other than Developer, Developer may unilaterally amend; otherwise, amendments not materially altering rights may be made without consent; material amendments require consent of not less than 2/3 of Co-owners and 2/3 of mortga (Master Deed Article IX)

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