Candlelite

Key facts from Candlelite's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals and Article II)

Units / lots

176 (Article V, Section 1)

Developer / declarant

TAPESTRY PARK POLARIS, LLC

Governing law

Chapter 5311 of the Revised Code of Ohio (Recitals and Definitions)

Special assessments

May be levied for capital improvements by vote of Unit Owners exercising not less than 67% of voting power (Article XV, Section 3(b))

Collections & liens

Association may file lien and foreclose for unpaid assessments (Article XV, Section 5)

Reserves & fees

Association may, but is not obligated to, maintain a reserve fund at Board’s discretion (Article IX, Section 1)

Use restrictions

No; Units are commercial units for investment, to be leased to residential tenants (Article III, Section 1)

Voting & meetings

One vote per Unit, equal voting power; assignment of voting rights to anyone other than first mortgage holder prohibited (Article VII, Section 3)

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