Chelsea Place Condominium

Key facts from Chelsea Place Condominium's documents

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

Community type

Condominium

Legal name

Chelsea Place Condominium Unit Owners' Association (WHEREAS and signature block)

Governing law

Ohio Revised Code Chapter 5311 (WHEREAS clause)

Special assessments

Special assessments for capital improvements require prior consent of 75% voting power and 51% of eligible first mortgage holders if exceeding 5% of estimated budget; also Special Individual Unit Assessment for enforcement and damage (Amendment D (modifying Declaration Artic)

Collections & liens

Association has right to place a lien on the estate or interest in the Unit for unpaid enforcement assessments, charges, fees, costs (Amendment B, referencing Declaration Art)

Reserves & fees

Late charges as established by the Board for assessments unpaid within 10 days after due (Amendment B, inserting Declaration Artic)

Voting & meetings

Unit owners representing at least 75% of Association current voting power for amendments; for capital improvements, 75% of members present in person or by proxy (WHEREAS and Amendment D)

Amendments

Requires Unit owners representing at least 75% of Association's current voting power; challenge must be brought in court of common pleas within one year of recording (WHEREAS (Declaration Article XIX, Sectio)

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