Property Ownership
In Ohio, which of the following statements about the Ohio Condominium Property Act (ORC Chapter 5311) is TRUE?
AUnit owners cannot be assessed for common expenses unless they vote to approve them
BThe association may adopt rules and collect assessments to maintain and manage the common elements✓ Correct
CThe developer must retain at least 20% ownership in the condo association forever
DCondominium documents cannot be amended once recorded
Explanation
Under ORC Chapter 5311, condominium associations have the authority to adopt rules and regulations and levy assessments against unit owners to fund maintenance and management of the common elements.
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