Whispering Woods Condominium

Key facts from Whispering Woods Condominium's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 1)

Governing law

Indiana Code 32-25-1-1 et seq ("Act") (Section 1(a))

Assessments & dues

Maximum $119.00 per month until Dec 31, 2004; not to increase by more than 20% per year prior to turnover (Section 15A)

Special assessments

Permitted as part of Common Expenses (Section 1(c) and Section 15A)

Collections & liens

Assessments constitute a lien on the unit; can be foreclosed; subordinate to first mortgages (Section 15A, 15C)

Pets

Yes: dogs, cats, or other household pets; not for commercial purpose (Section 12(h))

Leasing & rentals

Yes, but minimum initial term of 6 months and lease must be in writing (Section 12(dd))

Parking & vehicles

Disabled vehicles not allowed to remain in open public view (Section 12(t))

Architectural approval

Prior written consent of Board for alterations, additions, improvements to Common Areas or structural alterations to unit; also for fences, awnings, antennas >18", solar panels, etc. (Sections 14, 12(w), 12(v), 12(u), 12(x))

Home business

Home offices allowed in one room, not for receiving customers; no other home occupations (Section 12(k))

Signs & flags

Declarant may post signs until last unit sold; otherwise no sign provisions explicitly; window hanging consent required (Section 12(k), 12(d)(ii))

Maintenance

Association – roof is General Common Area (Sections 5(b), 13A)

Use restrictions

Units shall be used for residential purposes only (Section 12(a))

Voting & meetings

Class A (owners): 1 vote per unit; Class B (Declarant): 250 votes; Declarant votes until Applicable Date, then Class A all. Voting for matters except Percentage Interest requires majority of votes attending in person/proxy. For Percentage I (Section 8(c) and By-Laws Section 2.05)

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