Amberley Crossing Marion

Key facts from Amberley Crossing Marion's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title, Paragraph 1(c))

Units / lots

12 (Phase I); maximum 180 for entire Real Estate (Paragraph 3 (12 units); Paragraph 21(a) )

Governing law

Indiana Code §32-25-1 et. seq. (Condominium Law of the State of Indiana) (Paragraph 1(a))

Assessments & dues

By Board of Directors as part of Common Expenses; Regular Assessment is established (Paragraph 12, Paragraph 7(d) (Garage Uni)

Special assessments

Permitted for casualty restoration (Paragraph 16(b)); general authority in By-Laws (Paragraph 16(b))

Collections & liens

Assessments constitute a lien under the Act; amendment provisions allow reduction of percentage interests affecting liens (Paragraph 16(b), Paragraph 21(d)(vii))

Reserves & fees

Surplus from insurance construction fund may be retained as reserve (Paragraph 16(g)(iv)) (Paragraph 16(g)(iv))

Leasing & rentals

Not explicitly restricted in Declaration; By-Laws may govern (Not found)

Setbacks / home size

Three stories (Building 1) (Paragraph 3)

Insurance

Owner responsible for contents, personal property, and betterments; may purchase additional insurance with waiver of subrogation (Paragraph 15)

Use restrictions

Yes; each Condominium Unit limited to residential use (Paragraph 17)

Voting & meetings

Percentage Vote equals Percentage Interest; each Owner casts that vote on matters (Paragraph 1(t), Paragraph 8)

Amendments

75% vote of Percentage Vote required; certain amendments (e.g., change in percentage interest) require 100% of Owners and Mortgagees; Declarant may amend unilaterally before Applicable Date for specified reasons (Paragraph 18)

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