The Ridgefield Condominium Association, Inc.

Key facts from The Ridgefield Condominium Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I, Section 1.2)

Governing law

Not explicitly stated; Indiana law referenced in Section 17.3.1(f) (Section 17.3.1(f) 'pursuant to Indiana l)

Assessments & dues

Not fixed; set by Board budget each fiscal year (Article XIV, Section 14.1 and 14.2)

Special assessments

Allowed for capital improvements, correcting inadequacy, etc. (Section 14.4); also for repairs due to negligence (Section 14.5(a)) (Article XIV, Section 14.4 and 14.5)

Collections & liens

Association has lien on Lot for delinquent assessments; can foreclose as a mortgage (Article XIV, Section 14.6)

Reserves & fees

Required; two separate accounts: Current Operation Account and Reserve Account (Section 14.11); Reserve Account only for capital improvements (Section 14.13) (Article XIV, Sections 14.11 and 14.13)

Pets

Household pets allowed; no other animals, birds, or reptiles; no commercial breeding (Article VIII, Section 8.2(e))

Leasing & rentals

Yes, but not for terms less than 60 days; leases must be in writing and subject to Documents (Article VIII, Section 8.3)

Parking & vehicles

Guests may park on street; owners not in public rights-of-way (Article VIII, Section 8.2(c))

Architectural approval

Yes; written consent needed for structural additions/alterations, changes to exterior appearance (Article X, Section 10.1(a) and (b)(ii))

Home business

Home professional pursuits without employees, public visits, or nonresidential storage are allowed (Article VIII, Section 8.1(a))

Signs & flags

Only one 'For Sale' sign in front and one in back; no other signs, pictures, or advertising visible from outside (Article VIII, Section 8.2(g))

Maintenance

Roof is Limited Common Area (Section 5.2(b)); Association performs routine repairs (Section 6.3) as Common Expense; but Owner may be responsible for damage due to negligence (Section 6.8) (Article V, Section 5.2(b); Article VI, S)

Insurance

Board carries casualty insurance on supporting structure and exterior (footings, foundations, framing, siding, brick, floors, windows, exterior doors, garage doors, roofs, porches, decks, chimneys, electrical meter, plumbing to interior wal (Article XVII, Section 17.1.1)

Use restrictions

Yes; each Lot restricted to single family residence (one housekeeping unit); no business except home professional pursuits without employees or public visits (Article VIII, Section 8.1(a))

Voting & meetings

One vote per Lot; co-owners vote as majority determines; proxy allowed (Article II, Section 2.3)

Amendments

By vote of 75% of allocated votes (Section 11.1); executed and recorded by Association (Section 11.2); Bylaws amendment requires 2/3 of votes present (Article XII) (Article XI; Article XII)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.