Property Owners Association of Ono Island, Inc.

Key facts from Property Owners Association of Ono Island, Inc.'s documents

Reflects the 1970 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Ono Development Company, Inc. (Preamble)

Assessments & dues

Board of Directors may fix annual assessment (up to maximum set by membership vote). Changes require 2/3 vote of each class. (Article V, Sections 3, 4, 5)

Special assessments

Permitted for capital improvements; requires 2/3 assent of each class voting in person or by proxy at a meeting with 30-day written notice (Article V, Section 4)

Collections & liens

Unpaid assessments (including interest and costs) become a continuing lien on the property; Association may foreclose or bring personal action against owner; attorney's fees and costs added (Article V, Sections 9, 10)

Use restrictions

Implied; Living Unit defined as portion of multi-family structure intended for use as residence by a single family (Article I, (f) ("intended for use and oc)

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