Meadowood Condo

Key facts from Meadowood Condo's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Doc 152389, Recital A)

Legal name

Meadowood Condominium

Developer / declarant

Epcon Meadowood, LLC

Governing law

Ohio Revised Code Chapter 5311 (Condominium Act) (Doc 152389, Recital A)

Assessments & dues

Operating assessments apportioned according to undivided interest (par value) as determined by Association (Doc 152389, Section 7(C) (undivided inte)

Special assessments

Association may assess costs of enforcement as a Special Individual Unit Assessment without court order (Doc 152392, Section I (amending Article )

Collections & liens

Special Individual Unit Assessment constitutes a lien on the Unit; may be foreclosed as provided by Ohio law and the Declaration (Doc 152392, Section J (new subsection (r)

Reserves & fees

Capital Contribution Assessment deposited in Association's reserve fund for maintenance, repair, replacement of major capital items (Doc 152392, Section H)

Leasing & rentals

Generally prohibited except: (i) existing rentals at 5351 and 5528 Meadowood Lane until lease terminates or unit sold; (ii) mortgage holders acquiring via foreclosure; (iii) hardship waiver by Board; (iv) verbal or written lease to immediat (Doc 152390, Section 1 (new Article III S)

Use restrictions

Implied; purpose is residential community (Doc 152390, Recital B ('owner-occupied r)

Voting & meetings

Based on undivided interest (par value); 75% voting power required for amendments (Doc 152390, Recital C and D; Doc 152392,)

Amendments

Requires consent of Unit owners exercising not less than 75% of voting power and consent of eligible first mortgage holders (if any) holding at least 51% of votes of Units subject to such mortgages (Doc 152390, Recital C)

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