Timber Point Condominium

Key facts from Timber Point Condominium's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Timber Point Condominium Unit Owners Association, Inc. (Article 1(B)(ii) and Article 7(A))

Governing law

Chapter 5311 of the Ohio Revised Code (Article 1(B)(v))

Assessments & dues

Common Expenses assessed according to percentages of interest in Common Areas and Facilities, based on square footage of Units (excluding patios/decks, garages, basements) (Article 6(B) and Article 9(C))

Special assessments

Permitted for reconstruction costs if insurance proceeds insufficient (Article 13(F)(2): one or more special as)

Collections & liens

Association has lien on Unit for unpaid assessments after 10 days; lien filed with County Recorder; valid for 5 years; may be foreclosed like mortgage (Article 9(D), (E))

Pets

Yes, one dog (<=35 lbs full grown) or one cat (<=15 lbs) per Unit (Article 11(E))

Leasing & rentals

Yes, but minimum lease term of one year (Article 12: No Unit shall be rented by t)

Parking & vehicles

Each Unit has a two-car garage; parking spaces are part of Common Elements; no obstruction of Common Elements without consent (Article 4 (two car garage), Article 6(A))

Architectural approval

Yes, for alterations of Common Elements, for optional loft/third bedroom design plans, and for decorating patio/deck (Article 11(K) (consent for Common Elemen)

Home business

Prohibited (Article 11(J): No industry, business, tr)

Signs & flags

Prohibited except as per Association rules; Grantor may place signs on unsold units (Article 11(J))

Insurance

Casualty insurance on Buildings and improvements at maximum insurable replacement value; covers fire, extended coverage, vandalism, windstorm, water damage, malicious mischief; liability insurance with minimum $1,000,000 coverage (Article 13(A), (C))

Use restrictions

Each Unit shall be used as a residence for a single family and for no other purpose (Article 11(A))

Amendments

By instrument filed for record, executed by required number of Unit Owners per Chapter 5311, with affidavit of mailing to all owners and mortgagees; Grantor has special amendment rights for expansion (Article 17)

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