Kingsborough (IN)

Key facts from Kingsborough (IN)'s documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential subdivision HOA (Article 4.2 - Residential use)

Governing law

Indiana Nonprofit Corporations Act of 1991, Indiana Code Sec. 23-17-1-1 et seq. (Article 1.2, page 5)

Assessments & dues

Set by Board based on budget; not a fixed amount in document (Article 3.3-3.4, pages 9-10)

Special assessments

Yes, for operating shortfalls at Board's option (Article 3.7, page 10)

Collections & liens

Assessments are a continuing lien on each Lot; lien prior to all except taxes, governmental claims, and bona fide first mortgages; foreclosure may be enforced like mortgage foreclosure; costs and attorney's fees included (Article 3.9-3.10, pages 11-12)

Reserves & fees

Annual assessment may include reasonable addition to reserves (Article 3.4, page 10)

Pets

Domestic pets (dogs, cats, caged birds, aquarium fish) allowed, provided not kept for commercial purposes and kept according to Association rules (Article 4.3(B), page 12)

Leasing & rentals

Not directly addressed in text (No data)

Parking & vehicles

Not allowed unless enclosed (Article 4.3(D), page 12)

Fences

Fences not allowed forward of primary rear wall of dwelling; rear yard fences must be split rail or post and board wood design (except pool enclosures); Lexington 'post and board' fences identical to Community Areas permissible; no fencing (Article 4.3(N), pages 13-14)

Architectural approval

Yes, for any building, fence, wall, structure, exterior addition/change/alteration; plans must be submitted to and approved by Board (Article 8.1, page 22)

Signs & flags

Not specifically addressed (No data)

Maintenance

Not specifically assigned; likely owner responsibility for dwelling unit (General maintenance of Lot)

Insurance

Association shall maintain liability insurance covering bodily injury and property damage on Common Area and portions maintained by Association (Article 10.1, page 23)

Use restrictions

All Lots for private residential purposes exclusively (Article 4.2, page 12)

Voting & meetings

Two classes: Class A (Owners except Developer) - 1 vote per Lot; Class B (Developer) - 75% of total voting power until conversion (Article 2.2, page 8)

Amendments

Not explicitly stated in extracted text; reference to Article 20 of Original Declaration (old Article 20) not provided in text; Developer may amend under certain conditions (this is an amendment) (Preamble (amends by Developer as sole ow)

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