Pebble Chase Condominiums

Key facts from Pebble Chase Condominiums's documents

Community type

Condominium

Legal name

Pebble Chase Condominiums Unit Owners Association, Inc.

Governing law

Ohio Revised Code Chapter 5311 (Recitals para H (Doc 52066), and others)

Reserves & fees

Board shall establish and maintain a funded reserve for major capital items (roofs, gutters, siding, driveways, roads, painting of Common Elements). Amount set aside shall be included in annual budget unless reserve requirement is waived in (Bylaws Art. V, Sec. 10(M) (as amended by)

Leasing & rentals

Leasing of Units generally prohibited except: (1) parent/child occupancy; (2) Grandfathered Units (leased at recording date of 2018 amendment, registered within 90 days, continue until title transfer); (3) Hardship Units (one-time 24-month (Declaration Art. 5(b)(xvi) (as amended b)

Use restrictions

No Unit may be leased for business, speculative, investment, or any other purpose except as allowed (owner-occupied community). Corporate housing prohibited. (Declaration Art. 5(b)(xvi) (Doc 52070 p.)

Voting & meetings

Each Unit Owner entitled to vote; cumulative voting not permitted. Director elections by secret ballot; ballots may be in person, proxy, mail, or Electronic Voting Technology. (Bylaws Art. V, Sec. 1(D) (Doc 52066 p.11)

Amendments

Amendment requires approval of at least 75% of voting power, executed in writing. Board may amend without Unit Owner vote to comply with O.R.C. Chapter 5311 or to meet VA requirements. (Recitals C, D (Doc 52066 p.1); Art. 24(b)

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