Hidden Springs (OH)

Key facts from Hidden Springs (OH)'s documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recital B: 'submit this property to cond)

Units / lots

144 Dwelling Units and 40 Garage Units (after Fifth Amendment) (Fifth Amendment, Section 5: 'the Condomi)

Governing law

Chapter 5311 of the Revised Code of Ohio (Ohio Condominium Act) (Recital B: 'pursuant to the provisions o)

Assessments & dues

Operating assessments apportioned based on undivided interests; budget approved by Board; special assessments for capital improvements and individual units (Declaration, Article XV, Sections 1-3 (p)

Special assessments

Yes, allowed for capital improvements and unexpected expenses (Article XV, Section 3(b)) (Declaration, Article XV, Section 3(b): ')

Collections & liens

Unpaid assessments constitute a continuing lien on the Unit; can be foreclosed like a mortgage. (Declaration, Article XV, Section 5: 'The)

Reserves & fees

Board shall maintain a reserve for repair and replacement of major capital items; can be waived annually by majority of unit owners. (2022 amendments, modifying Declaration A)

Leasing & rentals

Units may be leased, subject to restrictions. (Declaration, Article III, Section 2(h): )

Parking & vehicles

Units have assigned parking spaces (limited common elements); driveways for townhouses; garage units. (Fifth Amendment, Section 7(b): 'Limited )

Use restrictions

Dwelling Units shall be used for residential purposes only. (Declaration, Article III, Section 2(a): )

Voting & meetings

Unit owners vote based on undivided interests. Majority of voting power can waive reserve requirement. Board can amend without vote under certain conditions. (2022 amendments, modification to Article)

Amendments

Declaration may be amended by 75% vote of unit owners; Board may amend without vote to comply with law, correct errors, meet lender requirements, etc. (Declaration, Article XIX, Section 1 (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.