Villas at Presidents Row Homeowners Association

Key facts from Villas at Presidents Row Homeowners Association's documents

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

Community type

Condominium ("under Chapter 5311 of the Revised Code )

Legal name

Villas at Presidents Row Homeowners Association

Developer / declarant

Forest Meadows Limited Partnership, an Ohio limited partnership (Recital A (page 9))

Governing law

Ohio Revised Code Chapter 5311 ("pursuant to the provisions of Chapter 5)

Assessments & dues

Determined annually by Board based on estimated Common Expenses (Article XV, Section 3(a) (page 20-21))

Special assessments

Allowed for capital improvements; new improvements not replacing existing cannot exceed 5% of budget without 75% vote (Article XV, Section 3(b)(1) (page 22))

Collections & liens

Association has lien for unpaid assessments, subordinate to first mortgages (Article XV, Section 6: "Subordination of)

Reserves & fees

Required: general operating reserve at least two months' assessments; also reserve for major repairs and replacements (Article XV, Section 3(a)(1)(d) and (e) ()

Pets

Yes, with restrictions (Article III, Section 2(l) (page 14))

Leasing & rentals

Yes, but with restrictions (Article III, Section 2(g) (page 13-14))

Architectural approval

Yes, Board or designated representative must approve plans for any building, fence, wall, sign, or exterior addition/alteration (Article III, Section 2(o) (page 15))

Home business

Permitted if no customers, employees, or invitees come to the Unit (personal business only) (Article III, Section 2(a)(i) (page 12-13)

Use restrictions

Units shall be used as residence for individuals living together as single housekeeping unit, not as group home, foster home, fraternity, etc. (Article III, Section 2(a) (page 12-13))

Voting & meetings

Each Unit's voting power equals its percentage of undivided interest in the Common Areas (Article VII, Section 3: "Each Unit may e)

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