about University Commons and Condominium Living.
(Click on the question to see the answer)
Tell me about University Commons
What is University Commons?
What is the relationship between University Commons and the University of Michigan?
Does University Commons offer any assisted living services?
Does University Commons offer any medical services?
Tell me more about the 'program' aspect of University Commons.
Tell me about the site.
Tell me more about the residents at University Commons.
How can I learn more about living at University Commons?
Are there restrictions on who can live here or on unit modifications?
Must I have a connection to the University of Michigan to qualify as a buyer/owner?
If we are a couple, must both of us meet the requirements of a qualified buyer/owner?
- meets the requirements of a qualified buyer/owner
- is a spouse or companion of a qualified buyer/owner
- is a surviving spouse or companion of a qualified owner.
Are pets permitted?
Are residents permitted to install hardwood floors and make other unit modifications?
What about parking?
What can I expect to pay as a Resident/Member of University Commons?
Tell me about the monthly fees.
How are these monthly association fees and the one-time membership fee used?
- The monthly association fee is comprehensive and covers many services and expenses, such as maintenance of the grounds, some in-home services (e.g. annual replacement of furnace filters), contracted services (e.g. semi-annual exterior window cleaning, snow removal), water and sewer costs for all units, and the services of a professional management company which specializes in condominium management. In addition, a portion of the monthly association fee goes into the Replacement Reserve, a long-term fund which provides monies for capital expenditures not budgeted for as part of the annual maintenance and repair budget.
- The monthly program fee goes toward the cost of a part-time business assistant and a full-time Community Director who coordinates lectures, music programs, and classes, and who provides support to UC’s many volunteer committees. It also goes toward the costs of maintaining the library, shop, classrooms, and the dining and recital/lecture halls. It provides the funding for post-lecture wine receptions and a special biennial event, the Asa Gray Lecture. All of UC’s events are available to residents and their guests at no charge.
- The monthly AT&T U-verse fee pays for high definition TV for each unit (over 200 TV entertainment channels) and program recording capability for up to 2 TV sets; 15 Mbps internet for each unit; and unlimited phone service for each unit, which includes long distance for US and Canada.
- The one-time association membership fee goes into a Restricted Fund which is used for educational and program related expenses. For example, in 2008, a new sound system was installed in UC’s Lecture Hall.
Do the monthly association fees include real estate taxes?
Does any portion of the unit's sale price go to the association?