Falenders Meadow Lane Addition All

Key facts from Falenders Meadow Lane Addition All's documents

Reflects the 1972 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Article I Section 1: 'Association' defin)

Legal name

Meadowlane Homeowners, Inc.

Units / lots

112 (Page 6: 'consisting of 112 Lots')

Developer / declarant

Falender Homes Corp./Indiana (Opening paragraph; Article I Section 6)

Assessments & dues

Maximum $300 per Lot until January 1 after first Lot conveyance. (Article IV Section 3)

Special assessments

May be levied for capital improvements with assent of 2/3 of votes of each class at a meeting. (Article IV Section 4)

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose like a mortgage; personal obligation of owner at time due; lien subordinate to first mortgages. (Article IV Section 1 and Section 8)

Reserves & fees

Interest at 6% per annum from date of delinquency (30 days after due date). (Article IV Section 8)

Pets

Yes, dogs, cats, or other household pets may be kept, but not for commercial purposes. (Article VIII Section 4)

Architectural approval

Yes, before erecting any building, fence, wall, or making exterior changes, plans must be approved by Board or architectural committee. (Article V)

Maintenance

Association: exterior maintenance (roofs, gutters, downspouts, exterior surfaces, trees, shrubs, grass, walks, interior of garage areas). Owner: maintenance of patio, screens, door/window fixtures, hardware, interior fixtures and equipment (Article VII and Article VIII Sections 8 )

Insurance

Board shall obtain insurance for all buildings (including living units unless owners provide proof) against fire and other hazards in amount sufficient for full replacement; also broad form public liability for Common Area. (Article IV Section 12)

Use restrictions

Property restricted to residential dwellings for residential use. (Article VIII Section 1)

Voting & meetings

Class A (all owners except Declarant): one vote per Lot; Class B (Declarant): three votes per Lot. Class B ceases when Class A votes equal Class B or June 30, 1975, whichever earlier. (Article III Section 2)

Amendments

During first 20 years: signed by not less than 90% of Lot Owners; thereafter: not less than 75% of Lot Owners. Must be recorded. (Article X Section 3)

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