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Articles & Resources

Reserve Funds and Reserve Studies for Homeowners Associations

The Planned Community Act (Ohio Revised Code Chapter 5312) governs homeowners association and requires reserve funds.  The Act specifically states:

5312.06. (A) Unless otherwise provided in the declaration or bylaws, the owners association, through its board of directors, shall do both of the following:

(1) Annually adopt and amend an estimated budget for revenues and expenditures. Any budget shall include reserves in an amount adequate to repair and replace major capital items in the normal course of operations without the necessity of special assessments, unless the owners, exercising not less than a majority of the voting power of the owners association, waive the reserve requirement annually.

Our Clients Ask Us: Should We Open the Unit?

Question:  Our documents require the property manager to obtain a key to each unit.  A unit owner recently passed away, and a family member asked if we could let them into the unit to collect some belongings.  Should we open the unit for them with our key?

November - December Newsletter (Printable)

Full, printable version of our November-December Newsletter!

Case Update: A Girl and Her Goldendoodle Head to the U.S. Supreme Court

Last month, the Supreme Court of the United States heard oral arguments about a little girl and her goldendoodle service dog named Wonder.  The question was about the options open to 12-year-old Ehlena Fry and her parents when their Michigan school district denied their request to allow Wonder to go to class with Ehlena.

Changes to Ohio's Foreclosure Law

As some of you are aware, House Bill 390 became effective on September 28, 2016.  Many of the changes will be beneficial to community associations by providing potential expedited processes in several aspects of a foreclosure action.  

September - October Newsletter (Printable)

Full, printable version of our September-October Newsletter!

Our Clients Ask Us: Private Security at Meetings

Question:  We have had some fairly heated meetings because of a specific owner who is often confrontational and has tried to start fights.  Can we hire private security at our next annual meeting and charge the cost of the security back to the problem owner?

'Tis The Season: Regulating Holiday Decorations at Your Association

It may be difficult to believe, but the Holiday Season is right around the corner.  With the holidays coming up, owners will be adorning their homes, lawns, balconies, and patios with holiday decorations

Collections Most Frequently Asked Questions

As volunteer Board Members for your Association, we realize many of you have never dealt with analyzing financial reports, collecting money owed, following guidelines set forth in governing documents, or any of the numerous other duties and tasks Board Members are called upon to complete. 

No Board Members? What Happens Next?

It happens to all Board Members:  you volunteer to be on your Association’s Board, and after a few years of devoting your time and energy to the Association, you decide that it is someone else’s turn to contribute by serving as a Board Member.  But what happens when no one is willing to be a Board Member?

As your legal counsel, we become part of your team, providing the legal component to your business decisions.

Let us get started today.

216-771-2600

Ott & Associates Co., LPA

1300 E 9th St, Suite 1520
Cleveland, OH 44114

Ph: 216-771-2600
Fx: 216-830-8939

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