Bayview Estates (IN)

Key facts from Bayview Estates (IN)'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Article I(d) - Association defined)

Legal name

Bayview Estates

Governing law

Indiana Nonprofit Corporation Act of 1991, as amended (Article I(a))

Assessments & dues

Board proposes budget; Owners approve; Regular Assessment equal per Lot (Article XI Sections 2 and 3)

Special assessments

Board may levy Special Assessments without Owner approval; not on Declarant's Lots; Declarant liable only after Applicable Date for extraordinary repairs to originally installed infrastructure (Article XI Section 4)

Collections & liens

Regular and Special Assessments become a lien on each Lot from the first day of the fiscal year; personal liability also exists; costs and attorney fees added (Article XI Sections 3, 4, 5)

Reserves & fees

Replacement reserve fund for capital expenditures and replacement/repair of Common Areas must be established and maintained in separate interest-bearing account (Article XI Section 2)

Pets

Not explicitly restricted, but animals cannot be obnoxious or diminish enjoyment of Real Estate (Article X Section 11 (animals not mainta)

Leasing & rentals

Leasing of a Lot is not considered a trade or business, therefore allowed (Article X Section 13 (exception for leas)

Architectural approval

All improvements (fences, decks, sheds, basketball goals, plantings, etc.) require approval of Architectural Control Committee (Article IX preamble and Section 1)

Home business

Allowed if not apparent from outside, conforms to zoning, no visitor traffic, consistent with residential character (Article X Section 13)

Signs & flags

Sales offices and construction facilities allowed by Declarant on unsold lots or Common Areas (Article X Section 18)

Maintenance

Association maintains Common Areas; Owner maintains Lot and all improvements (except as otherwise noted) (Article VIII Sections 1 and 2)

Use restrictions

Real Estate shall be used only for single family residential purposes (Article X Section 12)

Voting & meetings

Class A: one vote per Lot per Owner; Class B: Declarant has ten votes per Lot until Applicable Date (Article IV Section 2)

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