Wolven Ridge

Key facts from Wolven Ridge's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential site condominium (Preliminary Statement A)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Article III(a))

Assessments & dues

Board establishes annual budget; assessments apportioned equally per Unit based on equal Percentage of Value (Bylaws 2.2(a), Master Deed Article V.2)

Special assessments

Requires approval of more than 60% of all Co-owners for additions costing over $5,000 or other specified purposes (Bylaws 2.2(b))

Collections & liens

Association may enforce collection by suit at law for money judgment or foreclosure of statutory lien (Bylaws 2.5(a))

Reserves & fees

Adequate reserve fund for maintenance, repair, replacement to be established; minimum 10% of current annual budget on non-cumulative basis after Transitional Control Date (Bylaws 2.2(a))

Fences

Not explicitly addressed, but any improvement within Unit subject to approval (Article X.1)

Home business

Not explicitly prohibited but residential use restriction implies no commercial business (Article VI.2, Article X.1)

Use restrictions

All Units restricted exclusively to residential use (Article VI.2)

Voting & meetings

One vote per Unit; mortgagees also vote on certain amendments (Article XIII(b), Article XIII(e))

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