College Avenue Condominiums (IN)

Key facts from College Avenue Condominiums (IN)'s documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration – 'Horizontal Property Regim)

Legal name

COLLEGE AVENUE CONDOMINIUMS CO-OWNERS ASSOCIATION

Units / lots

Not explicitly stated; Section 1 contains an unspecified number of dwelling units (appears at least 20 based on numbering? but list is blank). Additional Sections may be annexed. (Declaration para. 3 'There is dwelling u)

Governing law

Horizontal Property Act of the State of Indiana, Acts 1963, Chapter 349, Sections 1 through 31, as amended (Section 1.02, Declaration para. 1(a))

Assessments & dues

Equal for all dwelling units; amount determined by adopted annual budget. Not specified in document. (Section 5.03)

Special assessments

Allowed for capital improvements or other contingencies with assent of majority vote of members voting in person or by proxy at a duly called meeting. (Section 5.04)

Collections & liens

Regular and special assessments become a lien on the unit as of first day of month after adoption; upon default, Association may enforce lien per Indiana law. Lien subordinate to first mortgage. Special assessments due within 30 days. (Sections 5.03, 5.04)

Reserves & fees

Necessary reserve fund for replacements mentioned as part of assessments. (Section 5.04 ('together with necessary i)

Pets

Yes, small pet dogs, cats, or customary household pets may be kept in a building unit, provided not for commercial purposes and does not create nuisance. (Section 6.01(I))

Leasing & rentals

Not explicitly mentioned, but 'for rent' signs require Board consent, implying leasing is allowed with restrictions. (Section 6.01(M))

Parking & vehicles

Not permitted. (Section 6.01(O) 'No street parking shall)

Architectural approval

Yes, Board consent required for attaching any item to outside surfaces, placing objects in common areas, planting in common/limited areas, covering porches/patios with carpeting, and any structural changes. (Sections 6.01(E), (F), (G), (H), (J))

Signs & flags

Not explicitly mentioned.

Maintenance

Association: exterior maintenance (paint, caulking of exterior doors, garage doors, windows); common areas; garbage removal; snow removal. Owner: interior; water lines from meter; sewer lines to common lateral; electric lines from meter; ga (Sections 3.06, 5.05)

Insurance

Fire and extended coverage insurance on buildings to full insurable value; master casualty policy for full replacement cost of improvements in common areas; master liability policy. (Declaration para. 19)

Use restrictions

All building units shall be used exclusively for residential purposes and occupancy for a single family. (Section 6.01(A))

Voting & meetings

One vote per dwelling unit; multiple unit owners get one vote per unit. Multiple owners (joint ownership) must designate one voting representative. Corporation/trust votes via authorized representative. Voting by proxy allowed. (Section 2.05)

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