Historic Central Avenue Condominiums

Key facts from Historic Central Avenue Condominiums's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (WHEREAS clauses and Section 1 (d) defini)

Legal name

Historic Central Avenue Condominiums

Units / lots

Maximum 33 initially (Building One with 5 units); eventually up to 87 total (Section 2 (33 units initially); Section )

Developer / declarant

DARTMOOR HOMES, INC. d/b/a VINTAGE HOMES

Governing law

Indiana Code 32-25 (formerly Indiana Horizontal Property Act) (Section 1(a))

Assessments & dues

Board proposes annual budget; Owners approve it; assessments equal each Owner's Percentage Interest of Common Expenses (Section 16.A, 16.D)

Special assessments

May be imposed if Board determines annual assessments insufficient; requires approval of two-thirds (2/3) of Owners present or represented at special meeting; notice 30-60 days in advance; quorum requirements apply (Section 16.E, 16.J)

Collections & liens

Delinquent assessment becomes a lien on the Dwelling Unit; Association may foreclose; lien subordinate to first mortgage recorded prior to assessment due date; personal liability of Owner (Section 16.C, 16.H.a, 16.K)

Reserves & fees

Annual budget may include reasonable allowance for contingencies and reserves as Board deems appropriate (Section 16.D)

Pets

Yes, dogs and cats and other customary household pets may be kept inside a Dwelling Unit; no commercial purpose; must not create a nuisance; Board may specify number and type (Section 12.F)

Leasing & rentals

Yes, but minimum lease term of one year; no Dwelling Unit may be leased for a term of less than one year (except Declarant leasebacks for models/offices) (Section 12.A; Section 23)

Parking & vehicles

Not specifically addressed; presumably permitted on public streets but within Property boundaries not mentioned (Omitted)

Architectural approval

Yes, Board's prior written approval required for any landscaping, alterations, additions, or improvements to Common Areas or exterior of Dwelling Units; structural changes to Dwelling Unit require Board and contiguous Owner approval (Section 12.M; Section 14)

Home business

Permitted only as allowed home and office occupations under the Dwelling Districts Zoning Ordinance of Marion County, Indiana (Section 12.I; Section 23)

Use restrictions

All Dwelling Units shall be used exclusively for residential purposes and occupancy by a single family; no group homes; home occupations allowed under Marion County Dwelling Districts Zoning Ordinance (Section 12.A; Section 12.I; Section 23)

Voting & meetings

Percentage Vote equal to Percentage Interest; each Dwelling Unit has equal share; vote on all matters at Association meetings; majority of Percentage Vote present or represented needed for most matters unless otherwise specified (Section 7; Sections 6,15 for Percentage )

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