Madison Road Condominium Owners Association, Inc.

Key facts from Madison Road Condominium Owners Association, Inc.'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration, Article I(12): "Condominium)

Legal name

2444 Madison Road Condominium Owners Association, Inc. (Declaration Article I(3), page 6-7: "Ass)

Units / lots

289 Residential, 8 Commercial, 20 Cabana (Declaration Article II.A: "228 Residenti)

Governing law

Chapter 5311 of the Ohio Revised Code (Declaration, Recitals, page 6: "submitte)

Assessments & dues

Determined by Board based on annual operating budget; not a fixed amount. (Article X.A(1), page 30-31)

Special assessments

Additional Operating Assessment (if insufficient funds) with 30 days notice; Special Capital Improvements Assessment (for restoring/replacing capital improvements, requires 75% vote for new improvements not replacing existing; special asses (Article X.G and H, pages 33-34)

Collections & liens

Unpaid assessments become a lien on the Unit after 10 days; Association may file Certificate of Assessment Lien; foreclosure like a mortgage; personal obligation of Owner at time due, but does not pass to successors; subordinated to first m (Article X.J(2),(3), K, pages 36-38)

Reserves & fees

Two reserve funds: contingency fund and capital improvements reserve fund. Capital improvements reserve fund used for repairing, restoring, replacing, or improving buildings and capital improvements. (Article X.A(2), page 31)

Pets

Yes, but Board may establish Rules limiting size, number, type, prohibiting certain types, limiting activities, requiring cleanup. Board may order removal of pet if nuisance or dangerous. (Article VIII.I, pages 26-27)

Leasing & rentals

Yes, but no hotel/transient uses; initial lease term cannot be less than six months without Board approval. (Article VIII.N, page 28: "No Unit may be)

Architectural approval

Yes, for changes or improvements to any Common Area or Limited Common Area; plans must be approved by Board or committee. (Article VIII.P, page 28: "no person shal)

Home business

Keeping business records or making business phone calls from a Residential Unit is deemed incidental residential use. Otherwise, no business without prior written Board approval. (Article VIII.A and K, pages 24 and 27)

Maintenance

Not explicitly assigned; roof is likely Common Area. The Common Areas include all improvements except Units; roof serves multiple Units, so Association responsibility. (Article V.A, page 14: "Common Areas incl)

Use restrictions

Residential Units shall be occupied and used exclusively for private residential purposes and purposes customarily incidental to a residence, except civic/charitable with Board approval. (Article VIII.A, page 24)

Voting & meetings

One undivided vote per Unit; Owner cannot vote if in default of Assessment. (Declaration Article IX.C, page 29: "Owne)

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