The Mcalpin on Fourth Condominium

Key facts from The Mcalpin on Fourth Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section I and passim)

Units / lots

65 (62 residential + 3 commercial) (Section III.A)

Governing law

Ohio Revised Code Chapter 5311 (Ohio Condominium Act) (Section I; Section XVII)

Assessments & dues

Estimated monthly condo fees range from $120 (C2) to $800 (e.g., Units 215, 315, 415, 505, 510) per Exhibit A (Exhibit A (cont.))

Reserves & fees

Association may establish and maintain a reserve fund from unused assessments for maintenance, repairs, replacement of common elements (Section XI)

Pets

Dogs, cats or other household pets (not exceeding 50 lbs. unless approved by Association) may be kept subject to rules (Section XV.G)

Leasing & rentals

Yes, with restrictions: minimum lease term of one year, and no more than 20% of units may be rented at any one time (Section XIV; Section XV.C)

Home business

Permitted home occupations as defined under applicable zoning code (Section XV.L)

Insurance

Association obtains property insurance covering structure of each unit and all appliances, fixtures, and other items initially installed (Section VII.B.3)

Use restrictions

Residential units shall be used for single family residence purposes and common recreational purposes only (Section XV.A)

Voting & meetings

One class of voting membership; one vote per unit owned in fee simple (proportionate for undivided interest) (Section VIII.A)

Amendments

Amendment of Declaration (by unit owners) requires assent of members holding at least 75% of voting power; change to percentage interests requires approval of all affected unit owners. Amendment of Articles or Bylaws requires 75% voting pow (Section VIII.E)

Amenities

Club room (recreational facilities) and roof decks; residential unit owners have use privileges governed by rules and regulations (Section III.E)

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