Waterleaf Site Condominiums

Key facts from Waterleaf Site Condominiums's documents

Community type

Residential Site Condominium (Section 1.3: 'The Project is a residenti)

Units / lots

Initially 47, expandable to 54 (Section 1.3, Section 6.1)

Governing law

Michigan Condominium Act, Act 59 of the Public Acts of 1978, as amended (Section 1.2; Section 3.1(a))

Assessments & dues

Determined by Board of Directors (Section 5.2 of Bylaws); administrative expenses collected via assessments on Owners (Bylaws Section 5.2)

Special assessments

Permitted; e.g., cost of increased maintenance due to Owner improvements may be specially assessed (Section 4.3(b)) (Section 4.3(b))

Collections & liens

Lien for nonpayment of assessments may be enforced by legal action, foreclosure, and fines (Section 4.3(h)) (Section 4.3(h))

Reserves & fees

Referenced in Bylaws Table of Contents (Section 4.5) but text not included (Bylaws Table of Contents)

Leasing & rentals

Referenced in Bylaws Table of Contents (Section 10); likely allowed but no details (Bylaws Table of Contents (Section 10 Lea)

Architectural approval

Yes, Architectural Review Committee approval required for improvements to Units (Section 7.4) (Bylaws Section 7.4)

Setbacks / home size

Subject to site plan approval by Grand Rapids Township (Section 12) (Section 12)

Maintenance

Not explicitly stated; likely part of Unit improvements (within Unit boundaries) thus Owner responsibility (Section 4.3(b): 'Owner shall be responsi)

Insurance

Referenced in Bylaws Table of Contents (Section 6.2 Insurance Coverage) but not extracted (Bylaws Table of Contents)

Use restrictions

Yes, units restricted exclusively to residential use (Section 6.2: 'No Unit will be created...)

Voting & meetings

One vote per Unit owned; no cumulation; owners in default on assessments not entitled to vote (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.