Wellfield Subdivision Homeowners Association

Key facts from Wellfield Subdivision Homeowners Association's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Section 1.c)

Legal name

Wellfield Subdivision Homeowners Association

Developer / declarant

JBK Investments, LLC

Governing law

Indiana Code 32-25.5 (Section 4.6.10)

Assessments & dues

Initial Regular Assessment $200.00 per Lot until changed (Section 6.9)

Special assessments

Yes, for unexpected expenses, approved by Board or Developer (Sections 6.3, 6.7)

Collections & liens

Notice of Lien under Indiana Code 32-28-14 with force of mortgage lien (Section 6.4)

Reserves & fees

Board shall build and maintain reasonable reserve for contingencies and replacements (Section 6.7)

Home business

Home occupation permitted with restrictions: no sign, no retail sales, only family employees, limited equipment; certain businesses prohibited (barber, salon, tea room, daycare >5 children, animal care) (Section 12.7)

Use restrictions

Lots and Dwelling Units used exclusively for residential purposes and single-family occupancy, except sales office for Developer (Section 12.1)

Voting & meetings

Each Lot has one vote. Only Owners are Members. Prior to Turnover Date, only Developer votes. (Section 4.2)

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