Parkshire Commons Condominium

Key facts from Parkshire Commons Condominium's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Parkshire Commons Condominium Association

Developer / declarant

Parkshire Ltd., an Ohio limited partnership (Recitals A, page 9)

Governing law

Chapter 5311 of the Revised Code of Ohio (Condominium Act) (Definitions, page 10; Recitals A, page 1)

Special assessments

Yes: Special Assessments for Capital Improvements (Board or Unit owner vote) and Special Individual Unit Assessments for owner-caused costs; special assessment for eviction costs (Article XV Section 3(b) and (c), page 7;)

Collections & liens

Yes, as provided in Article XV Section 5; subordination to first mortgages in Section 6 (Article XV Section 5 and 6, pages 31-32)

Reserves & fees

Required – adequate reserve for periodic maintenance, repair and replacement of Common Elements (Article IX Section 1, page 23)

Voting & meetings

As set forth in the Bylaws (Article VII Section 3, page 15)

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