H Lauter Loft Condo

Key facts from H Lauter Loft Condo's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1 definition of Condominium)

Legal name

H. Lauter Lofts Co-Owners Association, Inc.

Units / lots

52 (maximum); initially 43 (WHEREAS clause: "initially construct for)

Developer / declarant

Regal Loft, LLC

Governing law

Indiana Condominium Law (IC 32-25-1-1 et seq.) (Section 1(a))

Collections & liens

Association may foreclose lien for unpaid assessments as provided in Section 5.06 of By-Laws and applicable law; first mortgage liens are subordinate to first mortgage on the Unit. (Section 29(b) and reference to By-Laws S)

Leasing & rentals

Yes, with restrictions (Section 21(a))

Architectural approval

Written approval of Board of Directors required for any alterations affecting Common Areas or Special Limited Areas, and for alterations within a Unit that affect safety or structural integrity of Building (Section 16: "No owner shall make any alt)

Maintenance

Association (roofs are Common Areas under Section 5(b)) (Section 5(b): "the foundations, columns,)

Insurance

Each Owner may (but not required) obtain additional insurance on personal property, contents, betterments, and improvements; such insurance must contain waiver of subrogation and be without contribution against master policy. (Section 18(h))

Use restrictions

Each Condominium Unit limited to residential use (Section 20: "each of the Condominium Uni)

Voting & meetings

Each Owner entitled to cast a vote equal to his Percentage Interest for election of Board of Directors and other matters (Section 8: "Percentage Interest appertai)

Amenities

Health club facilities mentioned as part of Common Areas (Section 5(c)) (Section 5(c): "health club facilities")

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