Carrington Commons

Key facts from Carrington Commons's documents

Community type

Covenant / Planned Community

Developer / declarant

Indiana Development Company, LLC

Assessments & dues

Maximum Regular Assessment for 1996: $120.00 per Residence Unit per year. (Article VII 7.2(i))

Special assessments

Allowed for capital improvements, operating deficits, special maintenance; requires assent of two-thirds (2/3) of each class of members voting in person or by proxy. (Article VII 7.3)

Reserves & fees

A portion of the Regular Assessment may be set aside in a reserve fund for repair and replacement of capital improvements the Association is required to maintain. (Article VII 7.1 (last sentence))

Leasing & rentals

Yes, but only after initial sale to owner-occupant. Lease must be in writing, minimum term of one year, and lease must state lessee subject to all Association rules. (Article IV 4.1)

Fences

Fences require ARC approval (included in list of improvements requiring approval). (Article VI 6.2(i))

Architectural approval

Yes, prior written approval of Architectural Review Committee required for any residence, building, structure, antenna, satellite dish, basketball goal, walkway, fence, deck, wall, patio, or other improvement, and for any change in exterior (Article VI 6.2(i))

Use restrictions

Yes (implied – all uses are for single-family residential; Plat Covenants and Restrictions incorporated prohibit commercial use) (Article IV 4.1 (initial sales to owner-o)

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