Section 5311.21 | Common Profits and Expenses Distributed.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly Unless retained by the board of directors as reserves, the common profits of a condominium property shall be distributed among, and, except as provided in division (B) of section 5311.041 of the Revised Code, the common expenses shall be charged to the […]
Section 5311.22 | Voting.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly (A) Unless otherwise provided in the declaration or bylaws, each unit owner may exercise that percentage of the total voting power of all unit owners on any question for which the vote of unit owners is permitted or required that is equivalent […]
Section 5311.23 | Failure to Comply With Lawful Provision of Condominium Instruments.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly (A) A declarant, developer, agent, or unit owner or any person entitled to occupy a unit is liable in damages in a civil action for harm caused to any person or to the unit owners association by that individual’s failure to comply […]
Section 5311.24 | Exceptions to Requirements for Written Instruments.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly (A) Sections 5311.25 to 5311.27 of the Revised Code do not apply to any of the following, unless the method of disposing of the condominium property is adopted for the purpose of evading their provisions: (1) The sale of a condominium ownership […]
Section 5311.25 | Required Provisions for Condominium Instruments.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly (A)(1) Except as provided in division (A)(2) of this section, any deposit or down payment made in connection with the sale of a condominium ownership interest shall be held in trust or escrow until delivered at settlement, returned to or otherwise credited […]
Section 5311.26 | Written Statement of Material Circumstances or Features Affecting Condominium Development.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly Except as provided in section 5311.24 of the Revised Code, no developer or agent, directly or indirectly, shall sell or offer to sell a condominium ownership interest in a residential or water slip condominium development unless the developer or agent provides the […]
Section 5311.27 | Purchaser’s Remedies – Attorney General Actions.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly (A)(1) In addition to any other remedy available, a contract or agreement for the sale of a condominium ownership interest that is executed in violation of section 5311.25 or 5311.26 of the Revised Code shall be voidable by the purchaser until the […]
Section 5311.16 | Condominium Insurance.
Effective: September 13, 2022 Latest Legislation: Senate Bill 61 – 134th General Assembly Unless otherwise provided by the declaration or bylaws, the board of directors shall maintain, with the cost to be a common expense, all of the following: (A) Liability insurance for all unit owners, their tenants, and all persons lawfully in possession or […]
Section 5311.17 | Removing Condominium Property From Provisions of Condominium Law.
Effective: July 20, 2004 Latest Legislation: House Bill 135 – 125th General Assembly (A) Unless otherwise provided by the declaration or division (B) of section 5311.14 of the Revised Code, the unit owners, by the affirmative vote of all unit owners, may elect to remove condominium property from the provisions of this chapter. In the […]
Section 5311.18 | Lien for Common Expenses.
Effective: September 13, 2022 Latest Legislation: Senate Bill 61 – 134th General Assembly (A)(1) Unless otherwise provided by the declaration or the bylaws, the unit owners association has a continuing lien upon the estate or interest of the owner in any unit and the appurtenant undivided interest in the common elements for the payment of […]