Novicky Court

Key facts from Novicky Court's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Novicky Court Condominium Association, Inc.

Governing law

Ohio Revised Code Chapter 5311 (Condominium Act) (Declaration recitals and Article 1 (as a)

Assessments & dues

Board adopts budget; assessments collected from Unit Owners based on percentage of ownership in Common Elements (implied) (By-Laws Article II Section 5(a) and Arti)

Special assessments

Allowed when budget inadequate; Board shall prepare estimate and assess additional amounts; effective with monthly payment due within 10 days of notice (By-Laws Article VIII Section 4 (amended )

Collections & liens

Assessments are a continuing lien on the Unit; also personal obligation; Association may place lien and enforce; special assessments for eviction costs may also be lien (Article 14 (inserted 2015) and Article 1)

Reserves & fees

Board shall set aside annually not less than 10% of budget for reserves unless waived annually by majority of Unit Owners; reserves adequate to repair/replace major capital items without special assessments (By-Laws Article VIII Section 4 (amended )

Leasing & rentals

Generally prohibited except: (1) parent(s) or child(ren) of Owner; (2) hardship exception granted by Board for 6-24 consecutive months, one time per Owner; (3) Unit Owners leasing at time of 2012 amendment may continue until title transfer. (Article 11(D) (added 2012))

Architectural approval

Yes, prior written consent of Board required for installations or improvements except those originally approved by Developer; includes signs, awnings, canopies, screens, shutters, antennas, satellite dishes, etc. (Article 12(E) (amended 2015))

Home business

Prohibited (no business purposes) (Article 11(D) (added 2012) - 'no busines)

Signs & flags

Signs allowed in window pursuant to rules adopted by Board; other installations require prior written consent of Board (Article 12(E) (amended 2015))

Maintenance

Unit Owner liable for expenses of maintenance, repair, or replacement due to his/her negligence; also liable for increase in insurance premiums caused by use/misuse; Unit Owner must obtain insurance for contents and liability (Articles 15(D) (amended 2015) and 21(C) )

Insurance

Board shall obtain Directors and Officers liability insurance; also casualty insurance for Common Elements (implied); Owner's casualty insurance shall be without contribution against Association's policy (Articles 21(B) and 21(C) (amended 2015))

Use restrictions

Each Unit shall be used by Owner only as a residential dwelling by Owner, family, tenants, and social guests; no business, speculative, investment, or other purpose (Article 11(D) (added 2012))

Voting & meetings

Unit Owners exercise voting power; specific allocation not stated but amendments refer to 'voting power' (e.g., 75%, 50%, majority) (Article 24 (amended 2015) and By-Laws Ar)

Amendments

Declaration may be amended by affirmative vote of at least 75% of total voting power of Unit Owners, cast in person or by proxy at a meeting or by written ballot; amendment effective when recorded; certain amendments by Board without vote t (Article 24 (amended 2015) and 2014 amend)

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