Canterbury Condo Homes

Key facts from Canterbury Condo Homes's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (Title; Paragraph 2 - Declaration)

Legal name

Canterbury Homeowners Association, Inc. (Paragraph 1(f) - Definitions; Paragraph )

Units / lots

160 (Paragraph 3 - Description of Buildings)

Governing law

Horizontal Property Law of Indiana, Acts 1963, Chapter 349, Sections 1 through 31, as amended (Paragraph 1(a) - Definitions)

Special assessments

Provided for in By-Laws (Section 5.04). Also, costs of restoration in excess of insurance proceeds after casualty may be assessed as Common Expenses (Paragraph 16(b)). (By-Laws Section 5.04 (referenced); Parag)

Collections & liens

Unpaid assessments or special assessments may constitute a lien on the Condominium Unit from time of assessment as provided in Act and Declaration. (Explicit lien creation for restoration costs in Paragraph 16(b)). (Paragraph 16(b) - Casualty and Restorati)

Reserves & fees

Surplus in construction fund after repair may be retained as reserve or used for maintenance, or distributed. (Paragraph 16(g)(iv) - Casualty and Resto)

Leasing & rentals

Yes, but subject to restrictions: no transient/hotel use (rental less than 30 days, provision of hotel services, rental of portions only); no lease of less than entire unit; lease must be in writing and subject to Declaration and By-Laws (Paragraph 18(b) - Renting and Leasing)

Insurance

Master casualty insurance (fire and extended coverage, 'all risk' if obtainable) on improvements comprising Common Areas; master comprehensive public liability insurance; additional insurance as required by law or deemed necessary by Board (Paragraph 15 - Insurance)

Use restrictions

Each Condominium Unit limited to residential use (Paragraph 17 - Covenants and Restriction)

Voting & meetings

Each Owner has Percentage Vote equal to Percentage Interest appurtenant to his Condominium Unit (Paragraph 1(q); Paragraph 8)

Amendments

Amendment to Declaration requires approval of not less than 75% of aggregate Percentage Vote; amendment to By-Laws requires 51%. Certain amendments (change to Percentage Interest or share of Common Expenses) require 100% approval; amendment (Paragraph 19 - Amendment of Declaration)

Amenities

Clubhouse (bathhouse) and swimming pool (shown on Plans); also Joint Parking Area, yards, gardens, sidewalks, parking areas (Paragraph 6 - Common Area and Facilities)

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