Country Meadows Lake Condominium

Key facts from Country Meadows Lake Condominium's documents

Community type

Condominium (Article 2, Article 4)

Governing law

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

Assessments & dues

Common Expenses and Common Assessments are levied by the Association according to the percentages of interest in the Common Areas and Facilities. (Article 9 A, C)

Special assessments

Yes, the Association may levy special assessments for reconstruction/repair when insurance proceeds are insufficient. (Article 13 F(2): 'one or more special as)

Collections & liens

Association has a lien upon each Unit for unpaid assessments; filed with County Recorder; valid for 5 years. Lien has priority over subsequent liens except taxes and first mortgages. Foreclosure action may be brought, and Association may be (Article 9 D, E)

Reserves & fees

Interest at 10% per annum on unpaid assessments from date due. (Article 9 D: 'any assessment not paid wi)

Pets

Yes, subject to initial approval by Association; only dogs and cats; combinations: two dogs, two cats, or one of each. (Article 11 E)

Leasing & rentals

Yes, subject to conditions: Owner must occupy unit as primary residence for at least one year before leasing; minimum lease term of one year; rental cap of 25% of units constructed; 30 days prior written notice to Board; Board must respond (Article 12)

Use restrictions

Yes, each Unit shall be used as a residence for a single family only; no commercial, religious, educational, or profit-oriented activities permitted. (Article 11 A, J)

Voting & meetings

Unit Owner membership in Association; voting rights set forth in By-Laws. (Article 7 A: 'Each Unit Owner... shall a)

Amendments

Amendments per Article 17 (referenced) and Ohio Revised Code Chapter 5311. Grantor may amend to add additional property; unit owner consent required for expansion after 7 years (majority of non-Grantor owners). (Article 16, Article 17 (referred to but )

Amenities

Includes lake/retention pond, recreational facilities; common walkways, driveways, parking, landscaping, etc. (Article 1 B(vi), Article 6 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.