Central Commons Condominium

Key facts from Central Commons Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Central Commons Condominiums Homeowner's Association

Units / lots

22 units planned; 18 units after Second Amendment (Buildings A,B,C,D,E,F with 4,4,4,4,3,3 units respectively); at time of Second Amendment, existing Buildings: A (4), C (4), and added B (4) for 14+4=18; plus future E and F (Doc 52160: 'planned to eventually consis)

Governing law

Ohio Revised Code Chapter 5311 (Multiple references, e.g., 'Section 5311)

Special assessments

Enforcement assessments become a special assessment against the Unit Owner (Doc 52159: 'enforcement assessments, cos)

Collections & liens

Association has a lien on each Unit's ownership interest for unpaid interest, administrative late fees, enforcement assessments, collection costs, attorney's fees, and paralegal fees (per ORC 5311.18(A)(1)(b)) (Doc 52158: new paragraph to Declaration )

Reserves & fees

If Association has a Common Surplus at the end of any fiscal year, the Board may determine to apply such amount toward reserves (per ORC 5311.21) (Doc 52158: Bylaws Article V, Section 2 n)

Voting & meetings

Amendments requiring Unit Owner approval: 75% of voting power for certain amendments; 81.79% approved Amendments A and C; 77.24% approved Amendment B (Doc 52159: 'Unit Owners representing at )

Amendments

Board may amend to comply with ORC without vote of Owners (pursuant to ORC 5311.05(E)(1)); other amendments require 75% of voting power (per Declaration Article XII(A)); amendments effective upon recording; only record Unit Owners may conte (Doc 52158 recitals and Doc 52159 recital)

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