of Regulations | Covenants
to download a printable version of the Rules and Regulations*
HOMEOWNERS' ASSOCIATION RULES AND REGULATIONS FOR OPERATING AS A 55
OR OLDER HOUSING COMMUNITY
Since its inception
in 1989, the Olympia subdivision has been operated as a community of housing
for older persons, as authorized under the Fair Housing Act of 1988, as
amended. The Housing for Older Persons Act of 1995 further amended requirements
for operating the community. To insure compliance with these laws and
implementing regulations of the Department of Housing and Urban Development,
the Board of Trustees of the Olympia Homeowners= Association has issued
the following rules and regulations:
A. AGE AND
MINOR CHILDREN RESTRICTIONS
- At least 80%
of the occupied units in the community must have a least one occupant
55 years or older, and no children under age 18 may live in the subdivision.
- These restrictions
on the ownership of property at Olympia are reflected in the Covenants
and Restrictions for the Subdivision recorded in Volume 89-5419 of
Cuyahoga County Records.
B. AGE VERIFICATION
- All owners will
be required to complete a written certification for the records of
the Homeowners' Association listing the names and dates of birth of
all residents in their living unit. Periodic surveys will be conducted
to update this record. Click
to download a printable version of the 2014 Age Verification Certificate.*
- When homes are
to be sold, the prospective buyer must submit a written statement
to the Olympia Board of Trustees listing the names and ages of those
who will be living in the home. If there is to be no resident 55 or
older, the Board may disapprove the sale if it would jeopardize Olympia's
status as a an adult community.
- All permanent
occupants of living units must be at least 18 years of age, however,
children under 18 may be temporary residents during visits, not to
exceed 8 weeks in any calendar year. In the event of family emergencies,
the Board of Trustees may, at its sole discretion, approve a visit
of longer duration.
INFORMING THE PUBLIC
- Olympia owners
who are selling their home and the Real Estate agents who are involved
in the sale are responsible for insuring that prospective buyers are
informed of these restrictions on age and minor children.
- Copies of this
regulation will be provided to realtors in the area.
files require the Adobe Acrobat Reader installed on your computer. The
reader is free and can be obtained from the Adobe website. Click here
to go to the Adobe website.