Grandview (IN)

Key facts from Grandview (IN)'s documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Grandview Community Association, Inc.

Developer / declarant

Grandview Associates, L.P., an Indiana limited partnership (Declaration page 1, opening paragraph)

Assessments & dues

Maximum Regular Assessment initially $240 per Residence Unit per calendar year until December 31 of year after first Lot conveyance (Declaration Article VII, 7.2(i))

Special assessments

May be levied with 2/3 vote of each class of members for capital improvements, special maintenance, or deficits (Declaration Article VII, 7.3)

Collections & liens

Unpaid assessments constitute a lien on the Lot, prior to all liens except tax liens and first mortgage; may be foreclosed as a mortgage; personal obligation of Owner at time due (Declaration Article VII, 7.6 and 7.7)

Reserves & fees

Portion of Regular Assessment may be set aside in a reserve fund for repair/replacement of capital improvements (Declaration Article VII, 7.1)

Leasing & rentals

Leasing allowed only to owner-occupants initially; if owner-occupant desires to lease, minimum term one year; lease must subject lessee to Association rules (Declaration Article IV, 4.2)

Parking & vehicles

Disabled vehicles shall not be allowed to remain in open public view (Plat Covenants paragraph 10)

Architectural approval

Prior written approval required for any residence, building, structure, antenna, walkway, fence, deck, wall, patio or other improvement; also for change in exterior material or color (Declaration Article VI, 6.2(i))

Setbacks / home size

Minimum front and rear yard setback: 30 feet; minimum side yard setback: 6 feet. Building lines established on Plat. (Plat Covenants paragraph 4)

Maintenance

Association responsible for maintenance of Common Areas, Landscape Easements, private street signs, drainage system in Common Areas, lake water levels. Owner responsible for Lot maintenance including drainage easements on Lot. (Declaration Article V, 5.7 and Article I)

Insurance

Association shall purchase fire and extended coverage insurance on improvements owned by Association to full insurable replacement cost; also 'all risk' if available. (Declaration Article VIII, 8.1)

Use restrictions

All Lots shall be used solely for residential purposes; no business building or activity allowed (Plat Covenants paragraph 6)

Voting & meetings

Class A: one vote per Lot; Class B (Developer): three votes per Lot owned, until conversion on Applicable Date (Declaration Article V, 5.2)

Amendments

Plat Covenants: Amendment by owners of 67% of Lots subject to Declaration; until all Lots sold, Developer's written approval also required. Declaration: Amendments require 90% vote of all Owners if within 20 years, 75% after 20 years; Devel (Plat Covenants paragraph 26; Declaration)

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