Belmont Place Home Owners Association

Key facts from Belmont Place Home Owners Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community under Ohio Revised Code Chapter 5312 (Definitions, paragraph 15 (Page 3-4))

Legal name

BELMONT PLACE HOME OWNERS ASSOCIATION

Units / lots

28 (Lots 10940-10967 inclusive of Section 1) (Definitions 11 (Page 3-4))

Developer / declarant

Glenn Road Capital, LLC, an Ohio limited liability company (Opening paragraph (Page 1))

Governing law

Ohio Revised Code Chapter 5312 (Planned Community Act) and Chapter 1702 (Nonprofit Corporation Law) (Definitions 15 and 1 (Pages 2-4))

Assessments & dues

$350 per year per Lot initially; may be increased up to 15% per year by Declarant before Turnover Date. (Article VII §2(a)(i) (Page 12-13))

Special assessments

For capital improvements not replacing existing; requires 75% Lot owner vote and 51% first mortgagee consent if cost exceeds 15% of that fiscal year's budget. (Article VII §2(c)(i) (Page 14))

Collections & liens

Assessment lien perfected upon levy; certificate may be filed with Recorder; Association may foreclose; also personal obligation of owner; lien subordinate to first mortgages. (Article VII §4(b)-(f); §5 (Pages 16-17))

Reserves & fees

General operating reserve and reserve for major repairs/replacements; amounts deemed adequate by Board. (Article VII §2(b)(i)(d) and (e) (Page 13)

Pets

Household domestic pets (not bred or maintained for commercial purposes) may be maintained in a residence on a Lot. (Article I §2(i) (Page 7))

Parking & vehicles

Subject to Board regulations; not otherwise prohibited by law. (Article I §2(e) (Page 6))

Home business

Permitted: professional/quasi-professional occupants may use residence as auxiliary/secondary facility; personal business records, calls, correspondence allowed. Declarant may maintain sales models/offices until all lots sold. (Article I §2(a)(i)-(iii) (Page 5))

Signs & flags

Not specifically mentioned; sign restriction may apply. (Article I §2(h) (Page 7))

Voting & meetings

Before Turnover Date: all voting power in Declarant. After Turnover Date: each Lot owner one vote per Lot; land contract vendee votes unless fee owner gives contrary notice. (Article II §3 (Page 8))

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