Oxbow Single-Family Condominium

Key facts from Oxbow Single-Family Condominium's documents

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

Community type

Condominium (Master Deed title and Article I)

Governing law

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

Assessments & dues

Association establishes an annual budget after which assessments are determined based on that budget (Bylaws Article II Section 2(a))

Special assessments

Requires approval of 66 2/3% in number and value of Co-owners (Bylaws Article II Section 2(b))

Collections & liens

Unpaid assessments constitute a lien on the Unit; can be foreclosed by judicial action or advertisement; redemption period 6 months (1 month if abandoned) (Bylaws Article II Sections 5 and 7)

Reserves & fees

Minimum 10% of current annual budget on a noncumulative basis (Bylaws Article II Section 2(a))

Architectural approval

Architectural Review Committee reviews proposed house plans for compliance with Master Deed (Master Deed Article III Section 2)

Voting & meetings

Each Co-owner's vote is based on percentage of value; all units have equal percentage, but Units 20-30 pay an additional $75 per year (Master Deed Article V Section 2)

Amendments

2/3 majority vote of Co-owners; certain changes require consent of affected Co-owner and mortgagee; Developer may amend without consent during Development and Sales Period for corrections and to conform (Master Deed Article XI Sections 1, 3)

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