Spring Run Condominiums

Key facts from Spring Run Condominiums's documents

Community type

Condominium (Homeowners Association for administration) (Article I: "Condominium Ownership"; Arti)

Units / lots

18 (current Phase I); up to approximately 325 additional units on Parcel R (Percentage table: units listed in Buildi)

Developer / declarant

Randy D. Walter, dba RDW Company (WHEREAS paragraphs)

Governing law

Chapter 5311 of the Ohio Revised Code (Article I, Definitions (references to Co)

Assessments & dues

By Association according to percentage of interest in Common Areas and Facilities (Article X.1: "Common Expenses shall be a)

Special assessments

Permitted for reconstruction/repair if insurance proceeds insufficient (Article XIII.2.B); also generally for common expenses (Article X.1: "special assessments"; Arti)

Collections & liens

Association has lien on unit for unpaid assessments after 10 days; lien subordinate to prior mortgages; foreclosure by suit; can appoint receiver; personal liability also (Article X.3: "The Association shall have)

Reserves & fees

$1.00 per day, added to delinquent monthly assessments; not a grace period; 10 days after first of month (Article X.2: "a late charge by the Assoc)

Pets

Yes, small dogs (less than 25 pounds when full grown), cats, other household pets; subject to rules; no breeding or commercial purpose (Article XI.7)

Leasing & rentals

Yes, but not for transient/hotel purposes (less than 30 days); lease must be subject to declaration, by-laws, rules (Article XI.12)

Architectural approval

Yes, board (or designated representative) must approve any alterations, changes to exterior, planting, fences, etc. (Article XI.6: "prior written consent of )

Home business

Prohibited (Article XI.2: "no portion of such proper)

Maintenance

Association (Common Areas) (Article V.1: Common Areas include roofs;)

Insurance

Buildings and all insurable improvements, personal property owned by Association, in amount of maximum insurable replacement value (excluding excavations and foundations); coverage for fire, extended coverage, vandalism, windstorm, water da (Article XII.3)

Use restrictions

Yes (Article XI.2: "The Condominium Property )

Voting & meetings

Defined in By-Laws (Exhibit A) (Article VII: "Voting rights of each unit)

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