Apple Lake Estates

Key facts from Apple Lake Estates's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

42 (maximum, 2 units per building on each lot) (Paragraph 3: "one Building per Lot and t)

Developer / declarant

COMMUNITY DEVELOPMENT 10, INC., an Indiana Corporation (Preamble)

Assessments & dues

Board prepares proposed annual budget based on estimated Common Expenses, submitted to Owners at annual meeting for adoption by majority vote. If no budget adopted, last approved budget or 110% thereof used as temporary budget. (Paragraph 16(b), 16(c))

Collections & liens

Unpaid assessments become lien on the Dwelling Unit, may be foreclosed as mortgage. Board may accelerate balance and collect rent. Subordinate to first mortgage liens. (Paragraph 16(f), 16(g))

Reserves & fees

May be established in annual budget for capital expenditures and replacement of Common Area and exterior portions; held in separate interest-bearing account (Paragraph 16(b))

Leasing & rentals

Not explicitly addressed in provided text; mention of tenants in delegate of use of Common Area (Paragraph 5)

Fences

Not specifically; approval required for any fence (Paragraph 14(c))

Architectural approval

Yes, for any improvements, alterations, repairs, change of colors, excavation, changes in grade, additional landscaping, etc. that alter exterior (Paragraph 14(c))

Maintenance

Association (Paragraph 13 (Association provides exter)

Insurance

Owner responsible for contents and personal property; may purchase own additional insurance (Paragraph 18(a) (last paragraph), Paragr)

Use restrictions

Implied; not explicitly stated in provided excerpts

Voting & meetings

Not explicitly stated in provided text

Amendments

Not fully provided in excerpts; references to 'Amendments of Declaration' sections 20 and 21 but text missing. Appears amendments require notice, resolution, meeting, adoption. Declarant may amend prior to Applicable Date. (Index (page numbers 22-23), Paragraph 21)

Amenities

Common Area includes perimeter fence, lake (aesthetic water component, surface water needs), gazebo structure near lake. Also patios, driveways, sidewalks, off-street parking for each Dwelling Unit. No pool, clubhouse, gym, trails, or gates (Paragraph 1(f) (Common Area highlights),)

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