Somerset Homeowners Association, Inc.

Key facts from Somerset Homeowners Association, Inc.'s documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) – Subdivision with common areas (Section 25: 'The Somerset Homeowners Ass)

Units / lots

131 (inferred from example in Section 25) (Section 25 emergency fund example: '$49,)

Governing law

Indiana state law (general corporation act referenced in Bylaws 3.2) (Bylaws Section 3.2(i): 'all subject to t)

Assessments & dues

$375.00 per year per lot starting 2001, fixed for 5 years until 2005 (Section 25: 'total of such dues and asse)

Special assessments

Allowed; Bylaws mention 'Special Assessments' (e.g., Bylaws 2.3, 2.8, 3.2) (Bylaws Section 2.3: 'Annual Dues and Spe)

Collections & liens

Dues and assessments are a lien on the lot, enforceable as mechanic's lien under Indiana law; subordinate to first mortgage (Section 25: 'Said dues and assessments s)

Reserves & fees

Emergency fund established; minimum balance determined by Directors; if fund > 1.5 times total annual dues, Association waives dues for that year (Section 25: 'The Association will establ)

Pets

Dogs, cats, other household pets allowed; not for commercial/hobby purposes (Section 20: 'dogs, cats or other househo)

Parking & vehicles

Not explicitly; trucks and similar limited per Section 15 (Section 15 covers 'truck, tractor, motor)

Fences

Additional fencing allowed up to 6 ft in height, around side and rear yards, must be approved; chain link prohibited; greater height for pools if required by ordinance; pool fencing to encompass only pool area, not on easements (Section 21: 'Any additional fencing inst)

Architectural approval

Building Committee approval required for any building, wall, fence, or other structure before construction; also for landscaping plans (implied by Section 1 and 10, 11) (Section 1: 'No building, wall, fence or )

Setbacks / home size

All residential buildings and/or garages shall be at least 35 feet from the property line which fronts the street; Building Committee may change min setback in writing for good cause, consistent with Munster ordinance (Section 3: 'All residential buildings an)

Use restrictions

Real Estate may be used for residential purposes only (Section 2: 'The Real Estate may be used )

Voting & meetings

One vote per lot owned; only members paid in full may vote (Section 25: 'each lot ... shall be entit)

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