purchaser's information booklet

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PURCHASER'S INFORMATION BOOKLET FOR VISTA HILLS CONDOMINIUM A RESIDENTIAL CONDOMINIUM LOCATED IN THE CITY OF NOVI OAKLAND COUNTY, MICHIGAN UPDATED: NOVEMBER, 2006

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PURCHASER'S INFORMATION BOOKLET

FOR

VISTA HILLS CONDOMINIUM

A RESIDENTIAL CONDOMINIUM LOCATED IN THE CITY OF NOVI OAKLAND COUNTY, MICHIGAN

UPDATED: NOVEMBER, 2006

TABLE OF CONTENTS

AMENDED AND RESTATED MASTER DEED

AMENDED AND RESTATED CONDOMINIUM BYLAWS

CONDOMINIUM SUBDIVISION PLAN

ARTICLES OF INCORPORATION OF SANDSTONE ASSOCIATION

(WITH CHANGES TO VISTA ffiLLS ASSOCIATION)

AMENDMENT TO ARTICLES OF INCORPORATION OF VISTA ffiLLS ASSOCIATION

Master Deed

Article I - Title and Nature ........................................................................................................... 2 Section 1 - Condominium Name and Subdivision Plan No .............................................. 2 Section 2 - Condominium Units and Co-owner Rights of Access to Common

Elements ...................................................................................................... 2 Section 3 - Voting ............................................................................................................ 2

Article II - Legal Description ........................................................................................................ 2

Article Ill - Definitions .................................................................................................................. 3 Section 1 - General Description of Terms U_sed ............................................................... 3

A. - The "Act" or "Condominium Acf' .................................................................... 3 B. - "Association" or "Association of Co-owners" .................................................. 3 C. - "Association Bylaws" or "Corporate Bylaws" ................................................. 3 D. - "Unit" or "Condominium Unit" ........................................................................ 3 E. - "Second Amendment and Restated Condominium Bylaws" ......................... .4 F. - "Condominium Documents" ........................................................................... 4 G. - "Condominium Premises" ............................................................................. 4 H. - "Condominium Project" or "Condominium" or "Projecf' ................................. 4 I. - "Condominium Subdivision Plan" ................................................................... .4 J. - "Co-owner'' ..................................................................................................... 4 K. - "Developer'' ................................................................................................... 4 L. - "Common Elements" ...................................................................................... 4 M. - "Second Amended and Restated Master Deed" ........................................... 4 N. - "Percentage of Value" ................................................................................... 4 0. - "Person" ........................................................................................................ 5 P. - "Planned Unit Development Agreement or PUD Agreement: .................... : .... 5 Q. - "Record" ....................................................................................................... 5

Article IV - Common Elements .................................................................................................... 5 Section 1 - Common Elements ........................................................................................ 5

A. - General Common Elements .......................................................................... 5 B. - Limited Common Elements ........................................................................... 6 C. - Responsibility ................................................................................................ 7

Article V - Use of Premises ......................................................................................................... 8

Article VI - Condominium Unit Description and Percentage of Value ........................................... 8 Section 1 - Condominium Unit Description ...................................................................... 8 Section 2 - Calculation of Percentage of Value ............................................................... 9

Article VII - Easements ............................................................................................................... 9 Section 1 - Easements for Encroachment, Utilities, and Support ..................................... 9 Section 2 - Association's Right to Grant Easements, Dedicate Public Rights-of-

Way and Act Upon Special Assessment Proceedings .................................. 9 Section 3 - Association's Easement for Maintenance, Repair and Replacement ........... 10 Section 4 - Access For Repairs ..................................................................................... 10 Section 5 - Emergency Vehicle and Public Services Access Easement ........................ 1 O Section 6 - Telecommunications Agreements ................................................................ 11

Article VIII - Amendments ......................................................................................................... 11 Section 1 - Co-owner Approval ...................................................................................... 11 Section 2 - Mortgagee Consent ..................................................................................... 11 Section 3 - Modification of Units, Common Elements and Percentage of Value ............ 11