Italian Village North 4th and East 2nd Ave Condominium

Key facts from Italian Village North 4th and East 2nd Ave Condominium's documents

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

Community type

Condominium (Title: 'DECLARATION ... FOR CONDOMINIUM )

Legal name

THE ITALIAN VILLAGE North 4th and East 2nd Ave CONDOMINIUM ASSOCIATION

Developer / declarant

The New Victorians Inc

Governing law

Chapter 5311 of the Revised Code of Ohio (Declaration Recitals para B; Definitions)

Assessments & dues

Set annually by Board based on budget (Article XV Section 3(a)(1): 'the Board s)

Special assessments

Permitted for capital improvements; new capital improvements require 100% Unit Owner and mortgage holder consent (Article XV Section 3(b))

Collections & liens

Association has lien for unpaid common expenses, interest, late fees, collection costs, attorney fees; lien effective upon filing certificate; may foreclose like mortgage; priority over later liens except taxes and first mortgages (Article XV Section 5(d)-(e))

Reserves & fees

General operating reserve; annual reserve for unexpected repairs must be at least 10% of budget unless waived by 100% vote (Article XV Section 3(a)(1)(d) and (e))

Pets

Household domestic pets permitted (Article III Section 2(l))

Leasing & rentals

Yes, but with restrictions (Article III Section 2(g))

Parking & vehicles

Boats and recreational vehicles subject to Board regulations (Article III Section 2(f))

Architectural approval

Plans and specifications for any building, fence, wall, sign, other structure, exterior addition/change/alteration must be submitted to Board for written approval (Article III Section 2(o))

Home business

Permitted incidental: professional library, personal records, phone calls; professional/quasi-professional occupants may use unit as auxiliary facility to office elsewhere (Article III Section 2(a) (i) and (ii))

Maintenance

Association: Common Elements, utility facilities serving more than one unit, utility lines in Common Elements, shared plumbing/electrical within walls. Individual owner: Unit, Limited Common Elements, windows, screens, doors, frames, sashes (Article IX Sections 1 and 2)

Insurance

Fire and extended coverage insurance for all buildings/structures part of Common Elements at replacement cost; also liability insurance (Article XI Sections 1 and 2)

Use restrictions

Units shall be used only as residences and for customarily incidental purposes (Article III Section 2(a))

Voting & meetings

One vote per Unit owned in fee simple; suspending voting for non-payment or rule violations (Article VII Section 3)

Amendments

Generally requires 100% Unit Owner vote and 100% first mortgage holder consent. Exceptions for minor corrections, institutional requirements, etc., by Board without vote. (Article XVIII Section 1)

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