Payne Avenue Lofts Condominium Owners

Key facts from Payne Avenue Lofts Condominium Owners's documents

Reflects the 2026 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Payne Avenue Lofts Condominium Owners' Association

Governing law

Ohio Revised Code Chapter 5311 (2012 Amendment, WHEREAS clauses; 2023 Am)

Special assessments

Board has authority to levy special assessments on Units to cover costs to acquire property and maintain, repair, replace improvements on that property. (2026 Amendment, Article XIX(C))

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. Lien is prior to any lien or encumbrance subsequently (2012 Amendment item (6) (Article V, Sect)

Reserves & fees

Association obligated to build and maintain a reasonable reserve to finance repair or replacement of Common Elements components, unless Unit Owners exercising majority of voting power waive annually in writing. (2023 Amendment item (9) modifying Bylaws)

Leasing & rentals

Yes; Association may initiate eviction proceedings against tenant for any violation of Declaration, Bylaws, Rules, or applicable laws. Association must give Unit Owner at least 10 days’ written notice of intended eviction. Costs of eviction (2012 Amendment item (7) (Article XVI, Se)

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