Ashland Pointe

Key facts from Ashland Pointe's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential subdivision with homeowners association (Declaration: 'Ashland Pointe' and 'Subdi)

Legal name

Ashland Pointe

Developer / declarant

Davis Homes LLC

Governing law

Indiana Nonprofit Corporations Act of 1991 (Indiana Code Sec. 23-1 7-1-1, et seq.) (Section 1.1: 'Act' means the Indiana Non)

Assessments & dues

Not fixed; Board sets Regular Assessment up to Maximum Regular Assessment (Section 7.2: 'Board of Directors shall h)

Special assessments

Yes, for capital improvements, operating deficits, special maintenance and repairs (Section 7.1: 'special assessments for ca)

Collections & liens

Association has a lien for unpaid assessments; may foreclose as a mortgage; may appoint receiver to collect rent (Section 7.7: 'the lien for such assessme)

Reserves & fees

A portion of Regular Assessment may be set aside in a reserve fund for repair and replacement of capital improvements required to be maintained (Section 7.1: 'A portion of the Regular A)

Home business

Allowed only in compliance with home occupation provisions of applicable zoning ordinance (Section 4.4: 'no business may be Conduct)

Use restrictions

All Lots used solely for residential purposes; no business building may be erected (Section 4.4: 'All Lots in the Subdivisio)

Voting & meetings

Class A (all Owners other than Developer): one vote per Lot; Class B (Developer): one vote per Lot owned; Class B converts when Class A votes equal Class B or at end of Development Period (Section 5.2: 'Class A members shall be..)

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