Idlewood (IN)

Key facts from Idlewood (IN)'s documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (homeowners association) – Lots are fee simple, common areas owned by Association (Section 3.1 and Section 1.13)

Legal name

Idlewood Homeowners Association, Inc. (Section 1.6)

Developer / declarant

Precedent Residential Development, LLC, an Indiana limited liability company (Introduction/Recitals)

Assessments & dues

Board prepares annual budget at least 30 days before fiscal year; Base Assessment set to cover budgeted Common Expenses; levied equally on all Lots (Section 8.3)

Special assessments

Allowed; defined in Section 1.35; Board may levy without vote in case of insurance shortfall (Section 6.5); after control period vote may be required? (Section 1.35, Section 8.4, Section 6.5)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; personal obligation of Owner; first priority institutional Mortgage holder exempt if takes through foreclosure (Section 8.2)

Reserves & fees

Budget includes capital contribution to maintain reserve fund (Section 8.3 (capital contribution mainta)

Pets

Yes, subject to restrictions in Section 10.5 (Table of Contents: Article X, Section 10)

Leasing & rentals

Not explicitly addressed in excerpt; definition of Owner includes lessee if lease >1 year and filed with Board (Section 1.28), implying leasing allowed (Section 1.28 (definition of Owner includ)

Parking & vehicles

Section 10.4 Parking and Prohibited Vehicles (TOC); restrictions apply (Table of Contents: Article X, Section 10)

Architectural approval

Architectural Standards Committee approval required for exterior changes, new construction, landscaping changes, etc. (Section 1.3, Article IX generally (Secti)

Home business

Not explicitly prohibited or allowed in excerpt (No direct cite)

Signs & flags

Section 10.3 Signs – restrictions apply, but text not fully legible (Table of Contents: Article X, Section 10)

Setbacks / home size

Not explicitly stated in excerpt; referenced in Section 2.4 (Plat may include set-back line restrictions) (Section 2.4 (set-back line restrictions )

Maintenance

Owner's responsibility (exterior maintenance per Section 5.2) (Section 5.2 (maintain exterior of Dwelli)

Insurance

Association procures casualty insurance for Common Properties, liability insurance (minimum $1,000,000 per occurrence), workers comp, directors and officers, fidelity bond, flood insurance if required (Section 6.1)

Use restrictions

All Lots within the Community shall be and are hereby restricted exclusively to single-family residential use (Section 2.1)

Voting & meetings

One vote per Lot (Class A members); Class B member (Developer) gets 3 votes per Lot during Class B Control Period (Section 4.2(a) and (b))

Amendments

Article XII, Section 12.3 Amendment (TOC); also Section 2.6 requires Developer consent to modify Article II; Developer consent needed for amendments affecting Developer rights; Members may amend with vote as provided in By-Laws? Not fully d (Table of Contents: Article XII, Section )

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