Giolden Woods

Key facts from Giolden Woods's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Golden Woods Homeowners Association Inc.) (Recitals and Article III)

Units / lots

52 (one Dwelling Unit per Lot inferred) (Recitals; definition of Lot and Dwelling)

Developer / declarant

Golden Woods Homeowners Association Inc., an Indiana not-for-profit corporation (Recitals (WHEREAS clause 1))

Governing law

Indiana Not-For-Profit Corporations Action of 1991, as amended (Article I Section 1(a))

Collections & liens

Regular and Special Assessments become a lien on the Lot; may be foreclosed as a mortgage; lien subordinate to first mortgage (Article IX Section 5(a) and (b))

Reserves & fees

Replacement reserve fund for capital expenditures and replacement/repair of Common Properties must be maintained in interest-bearing accounts (Article IX Section 2, Section 3)

Pets

Yes, dogs, cats, or customary household pets; but not bred or kept for commercial purpose; must not create nuisance (Article XIII Section 1(e))

Architectural approval

Prior approval required for any improvement, alteration, repair, change of colors, excavation, change in grade, or any work altering exterior; also for any building, fence, wall, shed, outbuilding, Dwelling Unit, or planting of trees/shrubs (Article VII Section 3)

Signs & flags

One "for sale", "for rent" or "for lease" sign permitted without consent; all other signs prohibited except as provided by law (Article XIII Section 1(k))

Voting & meetings

One vote per Lot; multiple owners of a Lot have one vote collectively (Article III Section 2)

Amendments

Requires affirmative vote of Owners of two-thirds (2/3) of Lots at a meeting of the Corporation duly called; certain amendments also require approval of 67% of mortgagees (Recitals and Article IV Section 7(b))

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