Walnut Bend Sec 1

Key facts from Walnut Bend Sec 1's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

135 (Exhibit A of Original Declaration (Lots )

Developer / declarant

M/I Schottenstein Homes, Inc., an Ohio corporation (Opening paragraph of Declaration)

Governing law

Ohio non-profit corporation statute (implied) (Article II C: 'formed as an Ohio non-pro)

Assessments & dues

Not fixed; determined annually by Board based on estimated Common Expenses (Article IX C: 'The Board shall annually )

Special assessments

Must be approved by 2/3 of Members voting at a meeting; written notice 30-60 days in advance; quorum required (Article IX D: 'any such assessment shall)

Collections & liens

Unpaid assessments constitute a lien on the Lot; lien valid for 5 years from filing; subordinate to first mortgage; personal obligation of Owner and successors (Article IX F3: 'All unpaid Assessments..)

Reserves & fees

Board may establish a Reserve Fund for financing operations and repairs (Article IX A: 'The Board may establish a)

Pets

Yes, but no commercial breeding; specific rules per Rules (Article IV E: 'No person may keep, breed)

Leasing & rentals

Yes, but lease must be in writing and subject to Declaration. No hotel/transient uses. (Article IV I: 'All leases shall be in wr)

Fences

Fences allowed only from wood, approved plastic, stone, or brick; no chain link/metal/wire. Max height 48 inches above grade unless required by government for safety. Cannot be closer to street than midpoint between front and rear corners. (Article IV R: 'Fences or walls shall be )

Architectural approval

Yes, prior written approval of Design Review Board required for all construction, modifications, additions, alterations including paint colors, roofing, fencing, recreational devices (Article V A: 'No Improvement shall be pl)

Signs & flags

Only Developer marketing signs, street/identification signs by Association or Developer, and one temporary real estate sign (max 6 sq ft) allowed (Article IV D: 'No signs of any character)

Maintenance

Association maintains Common Property; Owner maintains Lot and adjacent buffer strip on Hanawalt Lots (inside fence) (Article X A: 'The Association shall main)

Insurance

Association required to obtain blanket property, liability, and flood insurance on Common Property in amount commonly required by prudent institutional mortgage investors (Article VIII G1: 'The Association shall )

Use restrictions

Each Lot shall be used exclusively for single-family residential purposes and customary incidental purposes (Article IV A: 'each Lot shall be occupie)

Voting & meetings

One membership per Lot; each Owner has one vote per Lot regardless of number of owners (Article VII A: 'no Owner... shall have m)

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