The Wilson Hpr

Key facts from The Wilson Hpr's documents

Developer / declarant

The Wilson Apartment Company, Inc., an Indiana corporation (Preamble & Section 1(e))

Governing law

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

Special assessments

Not explicitly named but implied by Section 14(A) which mentions 'Regular Assessments and Special Assessments for Common Expenses' (Section 14(A))

Reserves & fees

Not explicitly required; insurance proceeds for casualty may be held; no specific reserve fund requirement mentioned (None)

Pets

Small pet dogs, cats, or customary household pets may be kept, not for commercial purposes, and not creating a nuisance; Board may adopt additional rules and may require removal if pet causes nuisance or unreasonable disturbance (Section 11(f))

Home business

Impliedly prohibited by Section 11(i) as 'commercial activity', but no specific 'home business' exception (Section 11(i))

Insurance

Each Owner may purchase additional insurance for his own contents and personal property; Owner solely responsible for loss to contents, floor/wall coverings, appliances, betterments installed by Owner (Section 15(C))

Use restrictions

All Dwelling Units shall be used exclusively for residential purposes and occupancy for a single family (Section 11(a))

Voting & meetings

More than 50% of total Percentage Vote (calculated based on one vote per unit? Actually percentage vote = 12.5% per unit; quorum = >50% of total Percentage Vote, meaning >4 units) (By-Laws Section 2.05(e))

Amendments

Requires majority of Percentage Vote (more than 50%); but changes to Percentage Interest or liability share require 100% approval plus all mortgagee approvals; changes to Section 17 (casualty) require 67% plus unanimous mortgagee approval; (Section 22 & Section 24)

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