For the purpose of this Chapter, the following words and phrases shall have the meanings respectively ascribed to them by this Section:
(a) "Capital Improvement" means any improvement with useful life greater than one year and subject to the depreciation rules of the United States Internal Revenue Code.
(b) “Common areas and facilities" includes, except as otherwise provided in the declaration, the following parts of the condominium property:
(1) The land described in the declaration;
(2) All other areas, facilities, places and structures that are not a part or a unit, including but not limited to:
A. The foundations, columns, girders, beams, supports, supporting walls, roofs, halls, corridors, lobbies, stairs, stairways, fire escapes, entrances and exits of buildings;
B. The basements, yards, gardens, parking areas, garages and storage spaces;
C. The premises for the lodging of janitors or persons in charge of the property;
D. Installations of central services such as power, light, gas, hot and cold water, heating, refrigeration, air conditioning and incinerating;
E. The elevators, tanks, pumps, motors, fans, compressors, ducts and, in general, all apparatus and installations existing for common use;
F. Such community and commercial facilities as may be provided for in the declaration; and
G. All other parts of the condominium property necessary or convenient to its existence, maintenance and safety, or normally in common use, or that have been designed as common areas, and facilities in the declaration or drawings.
(c) "Condominium" means real property, portions of which are designated for separate unit ownership by the unit owners and the remainder of which is designated for common ownership by the unit owners.
(d) “Condominium Development" means a condominium property in which two or more individual dwelling units, together with undivided interests in the common areas and facilities of the property, are offered for sale pursuant to a common promotional plan.
(e) “Condominium ownership interest" means a fee simple estate or a ninety-nine year leasehold estate, renewable forever, in a unit, together with an appurtenant undivided interest in the common areas and facilities.
(f) "Condominium unit" or "unit" means a portion of the condominium development designated for separate ownership.
(g) "Conversion condominium development" means a condominium development in which the condominium units were previously rental units.
(h) "Declarant" means any person who plans to execute or has executed the declaration or on whose behalf the declaration is executed.
(i) “Declaration" means an instrument by which property is submitted to the Ohio Condominium Act, Chapter 5311, Ohio Revised Code.
(j) "Developer" means any person who, directly or indirectly, sells or offers for sale condominium ownership interest in a condominium development, including the declarant of a condominium development and any successor to the declarant who stands in the same relation to the condominium development as the declarant, and including any agent thereof.
(k) "Public Offering Statement" means a document provided by the developer under Section 1327.05
, which discloses the characteristics of the condominium development.
(l) "Purchaser" means both an actual and a prospective purchaser of a condominium ownership interest.
(m) "Unit owner" means a person who owns a condominium ownership interest in a condominium unit.