Sara Crossing 1

Key facts from Sara Crossing 1's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Sara Crossing 1 Condominium

Units / lots

111 (Article V Section 1: "one hundred eleven)

Developer / declarant

Hyatts Investors, LLC, an Ohio limited liability company (Recitals paragraph A)

Governing law

Chapter 5311 of the Revised Code of Ohio (Recitals paragraph B)

Assessments & dues

Board determines annual operating assessment each year; budget not specified (Article XV Section 3(a): "The Board shal)

Special assessments

For capital improvements: requires approval of members holding at least 51% of voting power (unless emergency); also special individual unit assessments for costs caused by owner (damage, failure to maintain) (Article XV Sections 3(b) and 3(c))

Collections & liens

Association has a lien on a Unit for unpaid assessments; may foreclose the lien as a mortgage (Article XV Section 5: "The Association s)

Reserves & fees

Board may, but is not obligated to, maintain a reserve fund for periodic and unexpected maintenance, repair, and replacement of Common Element improvements (Article IX Section 1: "The Association m)

Pets

Yes, household domestic pets not bred or maintained for commercial purposes are allowed (Article III Section 2(m): Animals - exce)

Home business

Operation of a property management company or providing property management services from a Unit shall not be considered incidental to residential occupancy; not clearly allowed or prohibited; Declarant may maintain sales models and offices (Article III Section 2(a): "Operation of )

Signs & flags

Only signs allowed: (i) on Common Elements approved by Board; (ii) one professionally prepared sign not exceeding nine square feet on interior side of window for sale/rent; (iii) Declarant’s advertising signs which cannot be limited by Boar (Article III Section 2(i): Signs)

Use restrictions

Units must be owned and operated for commercial purpose of multi-family apartment development; all units held for investment and leased to tenants as residences; no owner-occupancy except for Declarant's sales model and office during Declar (Article III Section 1: "each Unit Owner )

Voting & meetings

Each Unit has one vote; equal voting power; assignment of voting rights to any party other than holder of first mortgage is prohibited and void ab initio; Board may suspend voting rights for failure to pay assessments or violation of rules (Article VII Section 3)

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