Verbena Site Condominium

Key facts from Verbena Site Condominium's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Verbena Site Condominium

Developer / declarant

MB & T Partners, LLC

Governing law

Michigan Condominium Act, Act 59, Public Acts of 1978, as amended (Master Deed Art. I §1(a); Art. II §2.1(a)

Assessments & dues

Not fixed; established annually by Board budget (Bylaws Art. II §2.3)

Special assessments

Board may increase general assessments or levy special assessments if insufficient funds for operation, maintenance, repair, replacement, additions ≤$5,000 annually, or emergencies (Bylaws Art. II §2.3)

Collections & liens

Unpaid assessments, interest, late charges, fines, attorney fees constitute a lien on Unit; may be foreclosed by action or advertisement; redemption period 6 months (or 1 month if abandoned); notice of lien required; Association may bid at (Bylaws Art. II §2.8)

Reserves & fees

Association shall maintain reserve fund for major repairs and replacement of Common Elements at least 10% of current annual budget, noncumulative (Bylaws Art. II §2.5)

Pets

Common indoor household pets permitted; no farm animals or poultry (Bylaws Art. III §3.1(q))

Leasing & rentals

Yes; during Development and Sales Period and before Transitional Control Date, a Co-Owner including Developer may rent a Unit. After Transitional Control Date, Association may amend Condominium Documents to address renting. (Bylaws Art. III §3.3)

Parking & vehicles

Prohibited (Bylaws Art. III §3.1(l): "Parking on the)

Architectural approval

Yes; during Development and Sales Period, Developer is Approving Party; after, Association. Plans, specifications, and documents must be submitted and approved in writing before any structure, improvement, or use is commenced. (Bylaws Art. III §3.2(a))

Home business

Home occupations allowed only if service type, conducted by family members with ownership interest, no signs, no other employees, approved by Approving Party (Bylaws Art. III §3.1(w))

Setbacks / home size

For one-story: not less than 1650 sq ft; for two-story: not less than 2000 sq ft with not less than 1100 sq ft on first floor; measured from outside edge to outside edge; top two levels counted if more than two levels (Bylaws Art. III §3.1(i))

Use restrictions

Yes; single-family residential use only; must comply with Cannon Township ordinances (Bylaws Art. III §3.1(a))

Voting & meetings

Each Co-Owner entitled to vote; vote value equals percentage of value of Unit; multiple Units owned multiplies votes (Bylaws Art. VI §6.2)

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