Glades at Jasonville Ridge

Key facts from Glades at Jasonville Ridge's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1.2)

Governing law

Michigan Condominium Act, MCL 559.101 et seq. (Article 3.1a)

Assessments & dues

Board establishes annual budget and levies assessment based on Percentage of Value per Unit. (Bylaws Article 5.2a)

Special assessments

Special assessments requiring 67% owner approval for additions >$5,000, purchase of foreclosed unit, etc. (Bylaws Article 5.2c)

Collections & liens

Unpaid assessments constitute a lien on the Unit, prior except tax liens and recorded mortgages. Association may foreclose. (Bylaws Article 5.5a)

Reserves & fees

Maintained; minimum 10% of current annual budget on noncumulative basis; established by Transitional Control Date. (Bylaws Article 4.5)

Leasing & rentals

Not prohibited; unit owner may rent, but provisions regarding renting cannot be modified without developer and affected co-owner consent. (Article 9.2b)

Architectural approval

Yes, exterior appearance of all structures, improvements, and yard areas subject to Association approval. (Master Deed Article 4.3c)

Insurance

Association to obtain casualty insurance for General Common Elements and liability insurance. (Bylaws Article 6.2)

Voting & meetings

Each Co-owner one vote per Unit when voting by number, and one vote equal to percentage of value when voting by value. (Bylaws Article 2.2)

Amendments

Non-material amendments by Developer or Association without consent; material amendments require 2/3 of Co-owners and mortgagees if required; reserved Developer rights. (Article 9)

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