East Peach

Key facts from East Peach's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

East Peach Homeowners Association (Article I, Section 1.1 and Article III, )

Developer / declarant

SABLE DEVELOPING, INC.

Governing law

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

Collections & liens

Unpaid assessments, interest, collection costs, attorney fees, and fines constitute a lien on the Unit, superior to all liens except tax liens and first mortgages recorded before notice of lien. Association may foreclose by judicial action (Bylaws Article II, Section 2.5 (a), (b),)

Reserves & fees

Adequate reserve fund required in budget, minimum of 10% of current annual budget on a noncumulative basis. (Bylaws Article II, Section 2.2(a) ('At a)

Voting & meetings

Each Co-owner has one vote per Unit owned (including Developer for unsold units). Percentage of Value used for voting when voting by value. Each unit's percentage is equal. (Article IX, Section 9.1(b) ('A Co-owner )

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