Summit Chase Condominium

Key facts from Summit Chase Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (DOC 58968, PAGE 1 - 'Declaration of Summ)

Legal name

Summit Chase Condominium

Units / lots

177 (DOC 58968, Section 5 - 'one hundred seve)

Governing law

Ohio Revised Code Chapter 5311 (Ohio Condominium Act) (DOC 58968, Section 3(a) - 'Act means Cha)

Assessments & dues

Proportionate share based on percentage of ownership in Common Elements; set by Board via annual budget process (DOC 58968, Section 10; Bylaws Article IV)

Special assessments

Not explicitly mentioned; but reserve for replacements may avoid need for special assessments (Bylaws Article IV, Section 2) (DOC 58965, Amendment (9) - 'for the repa)

Collections & liens

Unpaid common expenses plus interest constitute a lien on the Unit Owner's interest, enforceable as provided in Ohio Revised Code Section 5311.18; lien subordinate to first mortgage held by bona fide lender except for assessments due after (DOC 58968, Section 10; DOC 58965, Amendm)

Reserves & fees

Annual budget must provide reserve for contingencies and replacements in reasonable amounts as determined by Board, not less than 10% of that year's budget unless waived annually by majority of unit owners. (DOC 58965, Amendment (9) - 'shall furthe)

Leasing & rentals

Transfers (including leases) are permitted; Section 18(b) 'Limit on Term of Lease' indicates restrictions exist but leasing allowed. (DOC 58968, Table of Contents - Section 1)

Parking & vehicles

Underground parking facility and outdoor parking areas are Common Elements; use subject to Board rules; unused spaces may be rented. (DOC 58968, Section 6 - 'parking spaces .)

Architectural approval

Prior written consent of Board required for painting/tiling/finishing any window/door in perimeter wall or other Common Elements, and for repairing/servicing/altering Common Elements. (DOC 58968, Section 15 - 'Without the pri)

Signs & flags

Section 19(h) 'Signs' - prohibitions implied; full text not provided but listed in Table of Contents (DOC 58968, Table of Contents - Section 1)

Insurance

Board to obtain fire and extended coverage insurance on Building and structures at replacement cost; liability insurance for Common Elements; workmen's compensation and other liability insurance as deemed desirable. (DOC 58968, Section 13 - 'insurance on th)

Use restrictions

Units must be used for residential purposes; Section 19(b) 'Residential Use' (DOC 58968, Table of Contents - Section 1)

Voting & meetings

Aggregate number of votes is 100, divided among Unit Owners according to their percentage of ownership interest in Common Elements (DOC 58968, Section 7(a) - 'aggregate num)

Amendments

Declaration may be amended by Board without Unit Owner vote for specific purposes listed (e.g., meet mortgagee requirements, comply with Ohio Condominium Act, correct errors, designate service of process, delete discriminatory provisions, p (DOC 58965, Amendment (5) inserting new p)

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