Village at North Falls

Key facts from Village at North Falls's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Document title, definitions)

Developer / declarant

EPCON North Falls, LLC, an Ohio limited liability company (Recitals A)

Governing law

Chapter 5311 of the Revised Code of Ohio (Recitals, Definitions (Condominium Act))

Assessments & dues

Board estimates common expenses and prorates among Units based on undivided interests in Common Elements (Article XV, Section 3(a)(i) and (ii))

Special assessments

Allowed for capital improvements (with possible Unit Owner vote if >5% of budget) and individual unit charges (Article XV, Section 1(b) and (c); Sectio)

Collections & liens

Association may file certificate of lien for unpaid assessments; lien effective for 5 years unless released (Article XV, Section 5(d)(e))

Reserves & fees

Working capital reserve (min. 2 months' assessments) and reserve for unexpected/capital repairs (amount at Board discretion) (Article XV, Section 3(a)(i)d and e)

Pets

Yes, but only household domestic pets not bred or maintained for commercial purposes (Article III, Section 2(a))

Leasing & rentals

Yes, but only entire Unit; must be in writing; subject to Condominium Instruments and Board rules (Article III, Section 2(j))

Architectural approval

Board approval required for any exterior structure, improvement, addition, or change; plans must show nature, kind, shape, height, materials, color, location (Article III, Section 2(b))

Home business

Incidental personal business without customers/employees coming to Unit is allowed (Article III, Section 2(o) proviso)

Signs & flags

Only approved signs on Common Elements, one interior window sign (max 9 sq ft) for sale/rent, and Declarant's sales signs (Article III, Section 2(m))

Maintenance

Association (part of structural/exterior portions of buildings maintained by Association) (Article IX, Section 1 (Association maint)

Insurance

Special broad form casualty insurance on buildings, structures, fixtures, equipment, common personal property; coverage includes interior walls, windows, doors, built-in improvements (Article XI, Section 1)

Use restrictions

Units shall be used only as a residence for individuals living together as a single housekeeping unit (Article III, Section 2(o))

Voting & meetings

As set forth in the Bylaws (Article VII, Section 3)

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