North Willow Park Hpr

Key facts from North Willow Park Hpr's documents

Community type

Horizontal Property Regime (Condominium) (Paragraph 2: 'the Property shall be a Ho)

Legal name

North Willow Park Co-Owners Association (Paragraph 13)

Developer / declarant

R & P Enterprises, Inc. (First paragraph of Declaration)

Governing law

Horizontal Property Act of the State of Indiana, Acts 1963, Chapter 349, Sections 1 through 31, as amended (Paragraph 1(a) Definitions)

Assessments & dues

Interim assessment fixed at $42.00 per month (year 1991 stated; likely 1981) per unit; thereafter based on budget and Percentage Interest (By-Laws Section 5.03 (garbled text): 'Du)

Special assessments

Permitted with assent of majority of votes at a meeting; for capital improvements or contingencies (By-Laws Section 5.04)

Collections & liens

Assessments become a lien on the unit; Association may enforce lien according to Indiana law; lien subordinate to first mortgage (By-Laws Section 5.04: 'such assessment s)

Reserves & fees

Budget includes reserve fund for replacements (By-Laws Section 5.04: 'reserve fund for )

Parking & vehicles

Driveways, walkways limited to use of respective dwelling units; no detailed parking rules (Paragraph 7(d): 'Driveways, walkways ...)

Fences

Not explicitly mentioned; patios, balconies, decorative walls are Limited Areas (Paragraph 7(c))

Home business

Not permitted beyond incidental use? Only residential use specified; no explicit prohibition (By-Laws Section 6.01(a))

Maintenance

Not explicitly stated; roof likely part of exterior maintained by Association (Paragraph 14 (exterior maintenance by As)

Insurance

Fire and extended coverage on Dwelling Units for full replacement cost; comprehensive public liability insurance; workmen's compensation (Paragraph 18)

Use restrictions

Yes; all Units shall be used exclusively for residential purposes and occupancy for a single-family (By-Laws Section 6.01(a))

Voting & meetings

Percentage Vote equal to Percentage Interest; each unit has equal Percentage Interest (no differentiation based on size) (Paragraph 16: 'The Owner of each Dwellin)

Amendments

By majority of Percentage Vote; notice required; certain changes require 60% approval of Co-Owners and Mortgagees (e.g., changes to Percentage Interest) or unanimous approval of Mortgagees (reconstruction provisions) or consent of Declarant (Paragraph 23)

Amenities

Recreational facilities may be constructed at Declarant/Board option; not required (Paragraph 21)

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