Retreat at Grand Oak Condomini

Key facts from Retreat at Grand Oak Condomini's documents

Community type

Condominium

Legal name

Retreat at Grand Oak Condominium Association

Governing law

Ohio Revised Code Chapter 5311 (Chapter 5311)

Collections & liens

Operating and both types of special assessments, together with interest, late fees, and costs including attorney fees, shall be a charge and continuing lien in favor of the Condominium Association upon the Unit (Declaration Article XVI, Section 8(c))

Reserves & fees

An amount deemed adequate by the Board to maintain a reserve for the cost of unexpected repairs and replacements of capital improvements and for the repair and replacement of major improvements for which cash reserves over a period of time (Declaration Article XVI, Section 3(a)(i))

Amendments

Board may amend Declaration without Unit Owner vote for purposes: (i) meet institutional mortgagee requirements; (ii) meet insurance underwriter requirements; (iii) bring into compliance with Ohio Condominium Act; (iv) correct clerical/typo (Declaration Article XX, Section 1(a))

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