Meridian Place Ccrs

Key facts from Meridian Place Ccrs's documents

Community type

Covenant / Planned Community

Legal name

The Meridian Place Homeowners Association, Inc.

Units / lots

164 (Section 3.1, 'The Meridian Place Communi)

Developer / declarant

M/I Schottenstein Homes, Inc.

Assessments & dues

Not exceed $250 per lot per year in first year after filing (prior to Authority Transfer Date) (Section 4.3)

Special assessments

Allowed with approval of majority of Owners at regular or special meeting or by mail-in ballot (Section 11.6)

Collections & liens

Unpaid assessments become a lien on the Lot; may be foreclosed as mortgage; Association may sue for money judgment, collect costs and attorney fees, request appointment of receiver (Section 11.9(a)-(g))

Reserves & fees

Association may collect funds for reserve for future expenses as part of Regular or Special Assessment; accounted for separately (Section 11.8)

Architectural approval

No structure or improvement shall be erected, placed or altered on any Lot without prior approval of Architectural Control Committee (or New Construction Committee for new construction) (Section 10.4)

Maintenance

Owner responsible for all repairs to residence; Association responsible for maintenance, repairs, replacement of Common Areas (Section 9.2, 9.3)

Insurance

Casualty insurance on improvements within Common Areas and Easements for full replacement value; comprehensive public liability insurance not less than $2,000,000 per occurrence (Section 14.1, 14.2)

Voting & meetings

Class A (Owner) one vote per lot; Class B (Declarant) three votes per lot; each Lot one vote on matters submitted to Owners (Section 3.2, 3.3, 5.7)

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