Maple Creek Commons

Key facts from Maple Creek Commons's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Maple Creek Commons Homeowners Association, Inc. (Article I (d))

Governing law

Indiana Not-For-Profit Corporation Act of 1991, as amended (Article I (a))

Assessments & dues

Annual budget prepared by Board, submitted to Owners at annual meeting for approval; budget may be amended by majority vote; increase over 15% requires majority of Members voting in person or by proxy (Article X, Section 10.2)

Special assessments

Permitted; Board may levy for unusual, extraordinary, or capital expenses; requires consent of 51% of votes of Members present in person or by proxy at a meeting; exceptions for assessments under Article XIII, Section 1 and Article XIV (Article X, Section 10.4)

Collections & liens

Unpaid assessments become a lien on the Lot and Dwelling Unit; may be foreclosed as a mortgage; Board may accelerate entire balance; also may obtain money judgment; lien subordinate to first mortgage; foreclosure sale by mortgagee extinguis (Article X, Section 10.5)

Reserves & fees

Required: replacement reserve fund for capital expenditures and replacement/repair of Common Properties; maintained in an interest-bearing account at a bank or savings and loan insured by federal depository agency (Article X, Section 10.2)

Pets

Yes, pet dogs, cats, or customary household pets may be kept in a Dwelling Unit, provided not for commercial purpose and does not create nuisance (Article XIV, Section 14.1(e))

Leasing & rentals

Yes, but subject to restrictions in Article XX (Leasing Restrictions). Full text of Article XX not fully provided; it states 'One Year Waiting Period' as a section heading (Article XX (partial text in document))

Parking & vehicles

Prohibited during snow removal (Article XIV, Section 14.1(k))

Fences

Fence requires prior written approval of Architectural Review Board; no further specific rules in provided text (Article VIII, Section 8.3)

Architectural approval

Yes, prior written approval required for any improvement, alteration, repair, change of color, excavation, change in grade, or other work altering exterior of any Lot or Dwelling Unit; also for any building, fence, wall, or other structure (Article VIII, Section 8.3)

Signs & flags

Not explicitly mentioned; only 'sign, awning, canopy, shutter' etc. listed under exterior attachments

Maintenance

Owner responsibility (exterior maintenance of Dwelling Unit) (Article VI, Section 6.1)

Insurance

Comprehensive public liability insurance covering Common Properties, minimum $1,000,000 bodily injury/death/property damage per occurrence; also casualty insurance on Dwelling Units (full replacement value excluding floor/ceiling/wall cover (Article XII, Sections 12.1, 12.2, 12.3, )

Use restrictions

All Lots and Dwelling Units shall be used exclusively for residential purposes and for occupancy by a single family (Article XIV, Section 14.1(a))

Voting & meetings

One vote per Lot; if multiple owners of a Lot, they have one vote collectively (Article IV, Section 4.2)

Amendments

This Declaration may be amended by majority of Lots in good standing (Owners not more than 30 days delinquent); amendments may be passed at a meeting, by written consents, by mail-in ballots, or combination; President and Secretary execute (Article XV)

Amenities

Common Area Parks for use and enjoyment of all Owners, subject to rules; Restricted Common Area for visual and aesthetic enjoyment unless otherwise determined; Private Driveway Easements for ingress/egress (Article II, Section 2.2; Article I (j), )

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