Yankee Trace Community Association, Inc.

Key facts from Yankee Trace Community Association, Inc.'s documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (non-profit corporation) (Paragraphs F, G; Art I(b) "Association")

Legal name

Yankee Trace Community Association, Inc.

Developer / declarant

Yankee Trace Development, Inc.

Governing law

Chapter 1702 of the Revised Code of Ohio (Art I(a) "Articles" and Art I(d) "By-Law)

Assessments & dues

Not fixed; set annually by Board after approving budget (Art IV S2)

Special assessments

Permitted for capital improvements not covered by annual assessment; requires approval of 51% of Class A Members (and Class B during Development Period); uniform rate per Living Unit (Art IV S4)

Collections & liens

Assessments are a continuing lien on the Lot; personal obligation of owner at time due; Association may foreclose; lien subordinate to first mortgage (Art IV S1, S8, S9)

Reserves & fees

Annual Assessment may be used to provide an adequate reserve fund for future use (Art IV S2)

Pets

Yes: dogs, cats, and/or caged birds as domestic pets, not kept for commercial purposes (Art VIII S1(b))

Leasing & rentals

Impliedly allowed; Declarant may rent units and must pay assessments (Art IV S6 (reference to "Living Unit hel)

Parking & vehicles

Prohibited on common driveways/private streets except for emergencies (Art VIII S1(e))

Architectural approval

Yes, for any structure, fence, wall, remodeling, or exterior addition; must be approved by Design Review Committee (Art VI S2, Art VII S2)

Home business

Not prohibited explicitly, but no noxious or offensive trade or activity permitted (Art VIII S1(a))

Signs & flags

Limited to: street/identification signs by Association; one temporary real estate sign max 6 sq ft; post office house number; non-commercial signs per city ordinances; no animated/illuminated signs (Art VIII S1(l))

Use restrictions

All Living Units shall be used for private residential purposes exclusively, except Declarant/builder may use as models/offices (Art VIII S2)

Voting & meetings

Class A Members (all Owners except Declarant) have one vote per Lot; Class B Member (Declarant) has voting rights during Development Period (Art III S2)

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