Condominium and Cooperative Law in Ohio
Cooperatives and condominium developments are examples of arrangements recognized as "common interest communities."
These residential communities are composed of a single piece of land, occupied by one or more buildings, each of which contains more than one housing unit. The units are owned or leased by the individuals who live in them, but the buildings themselves, and the land they sit on, are owned either collectively by the residents, or by some third party. The residents are responsible for the upkeep of the buildings and the common areas of the property (walkways, lawns, swimming pools, etc.). To that end, they normally pay a periodic fee to cover maintenance.
If you simply look at a condominium or cooperative community, you probably won't be able to tell if it's one or the other.
The main difference is that, in condominium communities, the units are purchased and owned by their residents, and they also collectively own the common areas of the development. In a cooperative community, the land and buildings in which the housing units are owned by a single corporation or association. The individual units are rented by the residents, not purchased.
Laws and Regulations Concerning Common Interest Communities in Franklin, Ohio
Many Franklin, Ohio laws affect common-interest communities. However, almost all of these laws govern real estate more generally, and there are very few laws written specifically for common interest communities. Such generally-applicable laws include zoning regulations, contracts, and the relations between landlords and tenants.
Your daily life in a cooperative or condominium community is more likely to be affected by the rules set by the owners or managers of the property, rather than the laws of your state or city.
The manager or owner of the land on which your residence is located will probably have a lot of rules concerning what can and cannot be done in and near the houses. These rules normally mandate cleanliness, keeping noise to a minimum, and regulate the presence of pets.
The enforceability of some of these rules may depend on Franklin, Ohio's laws governing relations between landlords and tenants.
Can a Franklin, Ohio Attorney Help?
If you have a dispute with a neighbor, your landlord, or your homeowners' association, a brilliant Franklin, Ohio real estate attorney can be instrumental in obtaining a desired outcome.