Ravines North

Key facts from Ravines North's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Association (Ravines North Condominium Association) (Article I, Section 1.1: 'creation of the)

Units / lots

59 in initial phase; up to 207 total after expansion (Article 1.2: 'initial phase ... consists)

Governing law

Michigan Condominium Act, Act 59 of Public Acts of 1978, as amended (Article III, Section 3.1(a))

Assessments & dues

Amount not fixed; determined by annual budget adopted by Board of Directors; payable in equal quarterly installments. (Exhibit A (Bylaws), Article II, Section )

Special assessments

Allowed with 2/3 co-owner approval for additions exceeding $5,000 annually, purchase of unit upon foreclosure, or other appropriate purposes. Board also has emergency assessment authority. (Exhibit A, Article II, Section 2.2(b))

Collections & liens

Unpaid assessments, interest, collection costs, attorneys fees, fines constitute a lien on the unit, prior to other liens except tax liens and sums unpaid on first mortgage of record. Association may foreclose by judicial action or advertis (Exhibit A, Article II, Section 2.5(a) an)

Reserves & fees

Required: at least 10% of current annual budget on a noncumulative basis for maintenance, repair, replacement of Common Elements. (Exhibit A, Article II, Section 2.2(a): ')

Leasing & rentals

Not explicitly addressed, but Article IX, Section 9.1(d) references 'the ability or terms under which a Co-owner may rent a Unit' – implying leasing is permitted, subject to conditions not detailed. (Article IX, Section 9.1(d): 'the ability)

Architectural approval

Yes – improvements within a Unit require approval of Developer during Development Period, thereafter approval of Association. Association may set standards. (Article VII: 'subject to the approval of)

Home business

Not explicitly addressed, but residential use only strongly implies no business. (Article VII and Article XI, Section 11.2)

Setbacks / home size

Unit includes space up to 50 feet above ground surface; no explicit restriction but implied by that definition. (Article V, Section 5.1: 'extending upwar)

Maintenance

Not explicitly stated; likely Co-owner responsibility as part of structure within Unit. (Article IV, Section 4.3: 'the costs of m)

Use restrictions

Yes – only single-family residence and associated improvements permitted within a Unit; expansion area units must be exclusively residential. (Article VII: 'The only improvements perm)

Voting & meetings

Each Co-owner has one vote per Unit (equal percentage of value assigned to each Unit) (Article V, Section 5.2: 'The percentage )

Amendments

Detailed in Article IX: Developer may amend during Development Period without material change; material changes require 2/3 vote of Co-owners and mortgagees (with specific mortgagee voting procedure); certain amendments require consent of e (Article IX, Sections 9.1(a) through (n))

Amenities

Only mentioned: entrance landscaping, identification signs, cul-de-sac landscaped islands. No pool, clubhouse, gym, etc. (Article IV, Section 4.1(i): 'Entrance an)

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