Cumberland Estates

Key facts from Cumberland Estates's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Recitals, Article I (Residence Unit defi)

Legal name

Cumberland Estates Community Association, Inc. (Article 1.2)

Developer / declarant

Cumberland Estates, L.P., an Indiana limited partnership (First paragraph)

Assessments & dues

Initial Maximum Regular Assessment: $420.00 per Residence Unit per calendar year (until Dec 31, 1992) (Article 7.2(i))

Special assessments

Allowed for capital improvements, deficits, special maintenance; requires 2/3 vote of each class of members (Article 7.3)

Collections & liens

Unpaid assessments (including interest, costs, attorneys fees) become a continuing lien on the Residence Unit or Lot, prior to all liens except tax and first mortgage; may be foreclosed as a mortgage (Article 7.7, Article 7.6)

Reserves & fees

A portion of Regular Assessment may be set aside in a reserve fund for capital repair/replacement (Article 7.1 (last sentence))

Fences

Not detailed; implied through owner maintenance obligations

Architectural approval

Architectural Review Committee approval required for removal of trees 4 inch caliper or larger within Tree Preservation Easements (Article 1.16)

Maintenance

Owner maintains Lot and improvements except as otherwise Association's responsibility; Association maintains Common Areas, private street signs, drainage system, lake water levels, etc. (Articles 5.7, 9.1)

Insurance

Association shall maintain hazard insurance on Common Areas (replacement cost), liability insurance (master comprehensive public liability, minimum $1,000,000 per occurrence) (Article 8.1, 8.2)

Use restrictions

Implied: Residence Unit defined as single family home designed for residential occupancy (Article 1.15)

Voting & meetings

Members (Owners) vote; majority of votes cast for certain actions; 67% for amendments (Article 11.1(iv), Article 7.3 (2/3 for s)

Amendments

Requires 67% vote of all Owners; prior written approval of Developer as long as Developer owns any Lot; for material amendments, 67% of mortgagees who have given notice must approve if mortgagee consent required under Fannie Mae/Freddie Mac (Article 11.1, 11.2, 11.3)

Amenities

Recreational facilities, lake (lake water level maintenance described), Common Areas generally (Article 3.1(a), Article 5.7(v))

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