Villas of Gahanna Condominium

Key facts from Villas of Gahanna Condominium's documents

Community type

Condominium

Legal name

The Villas of Gahanna Condominium Association

Governing law

Ohio Revised Code Chapter 5311 (Ohio Condominium Act) (Recital B and throughout)

Collections & liens

Annual operating and special assessments together with interest, late fees, and costs, including attorney fees, shall be a charge and continuing lien. Certificate of lien signed by president or other designated representative. (Modification to Declaration Article XV, )

Reserves & fees

Board shall maintain a reserve for cost of unexpected repairs and replacements of capital improvements and major improvements; requirement may be waived annually in writing by unit owners exercising not less than a majority of voting power (Modification to Declaration Article XV, )

Voting & meetings

Reserve requirement may be waived annually by unit owners exercising not less than a majority of voting power (Modification to Declaration Article XV, )

Amendments

Board may amend Declaration without unit owner vote for purposes: to meet institutional mortgagee requirements, insurance underwriter requirements, comply with Ohio Condominium Act, correct clerical/typographical errors, designate successor (New Declaration Article XIX, Section 1(d)

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