Condominiums Turn Private Streets Public?

Many Ohio condominium associations are developed with private streets, meaning that the association is responsible for the streets’ maintenance, repair, replacement, and snow removal.  As these often are some of the largest expenses that condominium associations face, many communities ask about the process to dedicate the streets and turn private streets public, shifting the cost responsibilitiy to the local governments.

Recently, the Cleveland Plain Dealer reported on this story,  which features comments by Kaman & Cusimano, LLC partner David Kaman:

http://www.cleveland.com/middleburg-heights/index.ssf/2013/12/some_middleburg_heights_homeow.html#incart_river

 

Categories

Three bars icon gold

Recent blog Posts

Three bars icon gold

Did Fannie Mae Just Update its Condominium Lending Guidelines Again?

Maintaining mortgage eligibility is one of the most important aspects of protecting property values. If your condominium ...
Read More →

Are Reverse Mortgages a Hidden Risk for Your Association?

Reverse mortgages allow homeowners aged 62 and older to convert home equity into cash without ...
Read More →

What is a reasonable late fee for delinquent community association assessments?

Community associations depend upon the timely payment of assessments to maintain operations and protect property ...
Read More →

Owner to Owner Dispute – Lessons in Property Transactions

Owner to Owner Dispute – Over a Driveway Easement and Boat Slips:  A recent case perfectly illustrated the importance ...
Read More →