Hillside Condominiums at Thousand Oaks

Key facts from Hillside Condominiums at Thousand Oaks's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Master Deed, Section 1.2)

Assessments & dues

Board of Directors develops annual budget and determines, levies, and collects assessments required for operation and affairs (Condominium Bylaws, Section 4.2(b) and S)

Special assessments

Permitted; increased costs due to owner-installed improvements may be specially assessed against that Unit (Master Deed, Section 4.3(c); Condominium)

Collections & liens

Association may file a lien against a Unit for unpaid assessments and foreclose the lien (Condominium Bylaws, Section 5.5)

Reserves & fees

Association shall maintain a reserve fund equal to or greater than 10% of the then current annual budget on a noncumulative basis (Condominium Bylaws, Section 4.5)

Leasing & rentals

Yes, leases are permitted; owner must notify Association of lease and comply with terms (Condominium Bylaws, Sections 9.1 and 9.2)

Architectural approval

Yes, Association approval required for structural modifications to a Unit or limited common element, and for any Unit exterior improvements (Master Deed, Section 5.3; Condominium By)

Maintenance

Association maintains roofs (part of General Common Elements) (Master Deed, Section 4.3(b) (walls, roof)

Use restrictions

Project is a residential condominium; all Units restricted exclusively to residential use (Master Deed, Section 1.3 and Section 6.2)

Voting & meetings

One vote per unit; voting by number except where voting by value is required by the Act; no cumulation (Condominium Bylaws, Section 2.2)

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