Gardens of Westmount

Key facts from Gardens of Westmount's documents

Community type

Condominium

Legal name

The Villas of Westmount

Developer / declarant

Rottlund Homes of Indiana Limited Partnership

Governing law

Horizontal Property Law of the State of Indiana, Acts 1963, Chapter 349, as amended (Section 1(a))

Assessments & dues

$144.00 per Lot per year (maximum for Owner Members or Association Members) (Master Declaration Article III Section 4)

Special assessments

Permitted for capital improvements (Master Declaration Article III Section 1)

Collections & liens

Assessments constitute a lien on the unit; may be foreclosed as provided in By-Laws and law (Section 28(b) and Master Declaration Art)

Reserves & fees

Surplus from insurance proceeds may be retained as reserve or used for maintenance (Section 17(i))

Leasing & rentals

Yes, subject to restrictions (Section 19)

Architectural approval

Prior written approval of Board of Managers required for alterations affecting Common Areas or structural integrity (Section 14)

Maintenance

Exterior surfaces of roofs are part of Common Areas maintained by Association (Section 5(b))

Insurance

Master casualty insurance for full replacement value of property including units, common areas, limited areas; master liability insurance of at least $2,000,000 (Section 16(a),(c))

Use restrictions

Each condominium unit limited to residential use (Section 18)

Voting & meetings

Each Owner has vote equal to Percentage Interest (Section 7 and Section 11)

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