Stevenson & Long's Add

Key facts from Stevenson & Long's Add's documents

Community type

Condominium

Legal name

Eastpointe Commons

Developer / declarant

Hillview Townhouses, Inc.

Governing law

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

Assessments & dues

Board of Directors establishes annual budget; assessments are based on that budget (Exhibit A, Article II, Section 2.2(a))

Special assessments

Requires approval of more than two-thirds (2/3) of all Co-owners (Exhibit A, Article II, Section 2.2(b))

Reserves & fees

At least 10% of current annual budget on a noncumulative basis for major repairs and replacement (Exhibit A, Article II, Section 2.2(a))

Leasing & rentals

Implied: leasing restrictions cannot be modified without affected Co-owner and mortgagee consent; no explicit prohibition (Article IX, Section 9.1(d))

Maintenance

Association (roofs are General Common Elements) (Article IV, Section 4.1(b))

Use restrictions

Permitted improvement is a multi-family residence (Article VII, Section 7.1)

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