Village at Deercreek Condominium

Key facts from Village at Deercreek Condominium's documents

Community type

Condominium

Legal name

The Village at Deercreek Condominium Association

Governing law

Ohio Revised Code Chapter 5311 (DOC 59213 Recital B and Amendment (1) re)

Special assessments

Special individual unit assessment for insurance deductible expenses (DOC 59211) and for enforcement assessments and damage charges (DOC 59212) (DOC 59211 new paragraph: 'The Associatio)

Collections & liens

Continuing lien for assessments; lien valid for 5 years from filing of certificate; certificate signed by president or chief officer; lien may be placed on unit (DOC 59213 Amendment (2) modifying lien d)

Reserves & fees

Reserve for unexpected repairs and replacements of capital improvements; may be waived annually by majority vote of Unit owners (DOC 59213 Amendment (10) modifying DECLA)

Leasing & rentals

Generally prohibited except: (1) parent/children of unit owner, (2) grandfathered units (existing lease as of 1998 amendment) until vacancy or transfer, (3) one-time hardship lease of up to 12 months with prior notice, (4) FHA exception: ma (DOC 59212 new DECLARATION ARTICLE III, S)

Maintenance

Unit owner responsible for repairs/expenses up to deductible for loss/damage to Unit and Limited Common Elements; Association responsible for costs pertaining to Common Elements; if single loss affects multiple portions, costs proportionall (DOC 59211 new paragraph inserted into Ar)

Insurance

Reasonable deductible as determined by Board; Unit owner responsible for repairs/expenses up to deductible for Unit and Limited Common Elements; Association for Common Elements; proportion if multiple portions affected; deductible may be as (DOC 59211 new paragraph: 'The Associatio)

Voting & meetings

Unit owners representing voting power; 75% vote required to amend Declaration per Declaration Article XVIII, Section 1 (DOC 59212 Recitals: 'Unit owners represe)

Amendments

Declaration may be amended by Unit owner vote with 75% approval (per Declaration Article XVIII); Board may amend under ORC 5311.05(E)(1)(c) for compliance, institutional mortgagee requirements, insurance, typographical errors, successor ser (DOC 59212 Recitals (75% vote); DOC 59213)

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