Battery Park Townhomes

Key facts from Battery Park Townhomes's documents

Community type

Condominium

Legal name

Battery Park Townhomes Condominium

Developer / declarant

Battery Park Development, LLC

Governing law

Chapter 5311 of the Ohio Revised Code (the Act)

Special assessments

Insurance deductible amount becomes a Special Assessment against the Unit if casualty is result of negligence or willful act of Unit Owner or occupants (the deductible amount shall be paid by t)

Reserves & fees

Excess insurance proceeds may be placed in Operating Fund or Reserve Fund as Board determines (or may be retained by the Association ..)

Maintenance

Association responsible for reconstruction/repair of Common Elements after casualty; Unit Owner responsible for reconstruction/repair of their Unit after casualty ((D) Responsibility for Reconstruction or)

Insurance

Deductible not to exceed lesser of $5,000 or 1% of policy amount; for earthquake, not to exceed 2% if 1% not available at reasonable cost (such deductible amounts shall not exceed)

Voting & meetings

Amendment requires affirmative vote of Unit Owners having at least 75% of voting power (Article XI of the Declaration permits am)

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