Beckett Lakes Condominium

Key facts from Beckett Lakes Condominium's documents

Community type

Condominium

Legal name

Beckett Lakes Condominium Owners' Association, Inc.

Governing law

Ohio Revised Code Chapter 5311 (Ohio Condominium Act) (Recital B (DOC 58751), Recitals B-C (DOC)

Special assessments

Funds spent in enforcing leasing restrictions, including attorney fees and court costs, shall be levied as a Special Assessment. (Article 4, Section 4.13(v) (DOC 58752 an)

Collections & liens

Association has a lien upon each Unit's ownership interest for unpaid interest, administrative late fees, enforcement assessments, collection costs, attorney's fees, and paralegal fees. (Amendment (7) inserting sentence to Decl)

Reserves & fees

Reserve Fund to be determined by Board for repair and replacement of major capital items, contingencies, deferred maintenance, etc. Unit owners may waive reserve requirement by majority vote annually. (Amendment (20) modifying Bylaws Section )

Leasing & rentals

Generally not allowed unless Owner granted an exception for undue hardship by Board of Directors. (Article 4, Section 4.13(i) (DOC 58753) a)

Voting & meetings

Suspension of voting privileges for Unit Owner delinquent in assessments for more than 30 days, by majority vote of Board. (Amendment (12) inserting new sentence to)

Amendments

Declaration may be amended by affirmative vote of Unit Owners exercising not less than 75% of voting power. (Recitals in DOC 58752, 58753 referencing)

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