Lake Hollow Condominium

Key facts from Lake Hollow Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (LAKE HOLLOW CONDOMINIUM)

Legal name

Lake Hollow Condominium Unit Owners Association

Developer / declarant

Sumser Realty, Ltd.

Governing law

Chapter 5311 of the Revised Code of Ohio (UNDER CHAPTER 5311 OF THE REVISED CODE O)

Special assessments

Board may levy a special assessment upon the Unit Owner to reimburse Association for all costs and expenses incurred by reason of the failure of the Unit Owner's tenant to comply with governing documents (ARTICLE III, SECTION 3.09 (new): 'The Bo)

Leasing & rentals

Yes, but only with express prior written consent of the Board of Trustees; rental agreement terms must be approved and cannot be changed without Board's prior express written consent (ARTICLE III, SECTION 3.09 (new): 'No Uni)

Voting & meetings

Amendment requires not less than seventy-five percent (75%) consent of the owners of condominium units and consent of fifty-one percent (51%) of the holders of first mortgagees (ARTICLE XIX, SECTION 19.01 of the Declar)

Amendments

Declaration and By-Laws may be amended by not less than seventy-five percent (75%) consent of unit owners and with consent of fifty-one percent (51%) of holders of first mortgagees (ARTICLE XIX, SECTION 19.01 of the Declar)

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