Windermere Villas

Key facts from Windermere Villas's documents

Community type

Planned community with homeowners association (not condominium), containing neighborhoods (Art. I (definitions) and Art. II (Proper)

Governing law

Indiana Code relating to nonprofit corporations; Official Code of Indiana referenced as governing law (Art. X, Section 10.2; also By-Laws Art. )

Assessments & dues

Board prepares annual budget 60 days before fiscal year; Base Assessment set to produce total income equal to budgeted Common Expenses, including reserves; assessments are equal per Lot; subsidy from Declarant possible; special assessments (Art. XI, Section 11.3, 11.4; By-Laws Art)

Special assessments

Special Assessments allowed as described in Section 11.5 (not fully excerpted but referenced for borrowing and repairs); special assessment for damage not covered by insurance or for capital items may be levied by Board without vote if dama (Art. VI Section 6.1 (casualty repair fun)

Collections & liens

Unpaid assessments constitute a lien on the Lot; Association may foreclose; first mortgage holders exemption from lien for pre-foreclosure assessments? (Section 11.2 states lien shall not apply to holder of first priority institutional mort (Art. XI, Section 11.2 (lien), Section 11)

Reserves & fees

Budget may include capital contribution for reserve fund for repair and replacement; also for Neighborhoods (Art. XI, Section 11.3 (budget includes c)

Pets

Not explicitly addressed in provided text

Leasing & rentals

Not prohibited; but owners may not gain right to use Golf Club by ownership or occupancy (Art. III Section 3.14); no explicit lease terms provided (Art. III, Section 3.14 (no right to use )

Architectural approval

Architectural Standards Committee (ASC) established; landscaping plans for portions within 30 feet of golf course require approval under Section 12.20; also architectural approval for any improvements on Lot required by Article XII (referen (Art. III, Section 3.13(b) (landscaping p)

Maintenance

Association responsible for maintenance, repair, replacement of General Common Areas and Exclusive Common Areas (as assigned); also may maintain property dedicated to public or outside; Owner responsible for Lot and improvements; Associatio (Art. V (Maintenance) - specifically para)

Insurance

Reasonable deductible allowed; amount not subtracted from face amount of policy for replacement cost determination; deductible paid by party liable for loss in absence of insurance (Art. VI, Section 6.1 (deductible provisi)

Use restrictions

Implied by nature; not explicitly stated in excerpt; but 'Lot' and 'Owner' definitions likely restrict to residential; no commercial use provision seen

Voting & meetings

Each Lot has one membership and one vote (except Class B Member Declarant may have additional votes); Voting Members cast votes for directors; Voting Groups established by Declarant for election of directors; each Voting Group elects specif (Art. IV, Section 4.2; By-Laws Art. III, )

Amendments

At least seventy-five percent (75%) of total Class A votes plus seventy-five percent (75%) of Class A votes held by Members other than Declarant, plus consent of Class B Member (Declarant) as long as such membership exists; also must meet A (By-Laws Art. VI, Section 6.6; Declaratio)

Amenities

Golf Club (referenced throughout); recreational facilities (subject to suspension for violation); Common Areas include likely pool, clubhouse, etc. not explicitly listed; 'golf course' and 'golf club property' present (Art. III Section 3.13 (golf course easem)

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