Maple Lake Condos

Key facts from Maple Lake Condos's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Maple Lake Condominium Association, Inc. (Section 1.01 and Articles of Incorporati)

Governing law

Horizontal Property Law, Acts 1963, Ch. 349, Sections 1 through 31, as amended, codified at I.C. §32-1-6-1 et seq. (Whereas clauses)

Assessments & dues

During declarant control: fixed $75/month, adjustable by same percentage as CPI increase (max CPI change). After declarant control: Board sets budget and assessment. Common expenses are divided equally per unit (numerator=1, denominator=tot (Sections 4.02(i)‑(v) and 3.02)

Special assessments

Not explicitly named, but additional costs may be assessed as Common Expenses; insurance reconstruction shortfalls assessed as Common Expense (Section 6.02). (Sections 3.02, 6.02)

Reserves & fees

Yes. A portion of Common Expenses designated for capital expenditures reserve fund, held in a separate interest‑bearing account for replacement/repair of common areas and facilities (buildings, fencing, trees, shrubs, driveways, etc.). (Section 4.02 final paragraph)

Pets

Yes. Dogs, cats, or other domestic household pets, but not for commercial breeding or showing. Maximum 2 pets per unit. (Section 5.01(f))

Leasing & rentals

Yes. Owner may lease unit, but lease must be in writing, subject to Declaration and Association rules, and a copy filed with Association. Owner remains primarily liable for assessments and breaches. (Section 4.12)

Architectural approval

Yes, for any alterations of Common Areas and Facilities and for any additions or improvements to common areas. No alteration without prior written Board approval. (Section 4.10)

Use restrictions

Yes. Each unit shall be used as a residence for a single family (or two or more adjoining units used together). (Section 5.01(a): 'each Condominium Unit )

Voting & meetings

Each unit owner has one vote per unit owned. Joint owners of a unit cast one vote collectively. (Section 10.01: 'Each Owner shall have on)

Amendments

Amendment requires written instrument signed by Board and at least 3/4 of ownership, recorded in Jasper County. Special amendments by Declarant allowed until Transition Date to comply with secondary market requirements. No amendment can cha (Sections 10.03 and 10.04)

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