Villas at Kings Creek

Key facts from Villas at Kings Creek's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and throughout)

Governing law

Ohio Revised Code Chapter 5311 (Condominium Act) (Preamble, Recital B; Declaration Definit)

Assessments & dues

Not fixed; Board estimates and prorates by undivided interest (par value points) each fiscal year (Article XV, Section 15.3)

Special assessments

Special assessments for capital improvements require Unit Owner vote of 75% plus mortgagees representing 51% of mortgaged Units; special individual Unit assessments may be levied by Board for costs properly chargeable to a particular Unit (Article XV, Sections 15.4, 15.5)

Collections & liens

Unpaid assessments constitute a continuing lien on the Unit; certificate of assessment may be recorded; lien may be enforced by foreclosure or other remedies (Article XV, Section 15.7; Amendment (2))

Reserves & fees

Required to build up and maintain a reasonable reserve for contingencies and replacements; unless Unit Owners (majority vote) waive reserve requirement in writing annually (Amendment (8) modifying Bylaws Article V)

Home business

Not prohibited if auxiliary; maintaining personal/professional records or library allowed (Article III, Section 3.3(b))

Use restrictions

Yes, except that professional/quasi-professional occupants may use Unit as auxiliary office; personal records, library etc. allowed (Article III, Section 3.3)

Voting & meetings

One vote per Unit owned in fee simple; proportionate vote for fractional ownership; but owner of fee-simple interest may cast entire vote if not challenged (Article VII, Section 7.3)

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