⚠ Not Legal Advice. This guide is for informational purposes only. Consult a licensed Ohio attorney for legal advice.
Ohio HOA Overview
Strong condo statute but no general HOA act. Planned community HOAs are governed by CC&Rs and general law. Ohio Nonprofit Corporation Law (ORC 1702) provides governance framework.
State-Specific Document Requirements
Reserve Fund Account
ORC § 5311.081
Mandatory
Condo associations must maintain a reserve fund for capital expenditures and deferred maintenance. The amount must be disclosed in the annual budget.
Retention: 7 years
Disclosure: Reserve balance and funding plan disclosed in annual budget.
Threshold: Required for condos under ORC 5311.
Disclosure Certificate
ORC § 5311.25
Mandatory10 days
Unit-owner association must provide a "Disclosure Certificate" within 10 days of written request. Includes: unpaid assessments, pending violations, and planned special assessments.
Retention: 5 years
Disclosure: Provided to buyer within 10 days of request.
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