Heritage Hs of Rocky River Condo Own

Key facts from Heritage Hs of Rocky River Condo Own's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Heritage House of Rocky River Condominium Owners' Association, Inc.

Governing law

Ohio Revised Code Chapter 5311 (Doc 52859 page 1, WHEREAS)

Assessments & dues

Board prepares an estimated budget (Bylaws Article V, Section 2); common surplus at end of fiscal year may be applied toward reserves. (Doc 52859 page 5 (Bylaws Article V, Sect)

Special assessments

Eviction costs (including reasonable attorney's fees) shall be charged to the Owner as a special Assessment against the offending Family Unit and made a lien. (Doc 52859 page 3 (amendment to Item 3, S)

Collections & liens

Association has a lien on each Family Unit's ownership interest for unpaid interest, administrative late fees, enforcement assessments, collection costs, attorney's fees, and paralegal fees. Eviction costs also become a lien. (Doc 52859 page 2-3 (amendment to Item 14)

Reserves & fees

If the Association has collected a Common Surplus at end of any fiscal year, the Board may apply that amount toward reserves. (Doc 52859 page 5 (Bylaws Article V, Sect)

Voting & meetings

Amendments require affirmative vote of unit owners exercising not less than 75% of voting power. Board may suspend voting privileges of an owner delinquent in assessments for more than 30 days. (Doc 52858 page 2 (Article 9); Doc 52859 )

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