Towne & Country Condominiums

Key facts from Towne & Country Condominiums's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (residential) (Section 1.1: 'This is a single phase res)

Units / lots

16 (maximum) (Section 1.1: 'maximum of sixteen (16) re)

Governing law

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

Special assessments

Yes. Can be levied for increased costs due to unit improvements (Section 4.3b), failure of Co-owner to maintain (Section 4.3d), utility costs if measurable (Section 8.2), or via special assessment district (Section 6.8c). (Sections 4.3b, 4.3d, 8.2, 6.8c)

Collections & liens

Association has a lien for nonpayment of assessments and may foreclose (Section 4.3d). Also, costs of enforcement may be specially assessed and collected. (Section 4.3d)

Maintenance

Association responsible for General Common Elements; Co-owner responsible for Limited Common Elements (except structural repairs of decks/patios and carports by Association). Co-owner responsible for interior of unit and leakage damage. (Section 4.3)

Use restrictions

Project is a residential condominium; units designed for separate ownership and use. (Section 1.1 and Section 3.1.i)

Voting & meetings

Each unit: 1 vote by number, 1 vote by value (equal to percentage of value). Developer votes only for units owned. No cumulative voting. (Bylaws Section 2.02(a) and 2.03(b))

Amendments

Pre-conveyance: Developer may unilaterally amend. Post-conveyance: Non-material changes by Developer or Association (majority vote for Association); material changes require 2/3 of Co-owners and mortgagees, with Developer consent during Dev (Article IX)

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