Indian Trails Townhome Community

Key facts from Indian Trails Townhome Community's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Community Association – Indian Trails Community Association, Inc.) (Section 1.1, Section 2.2)

Developer / declarant

Jerry Pounds Construction, Inc. (Explanation Statement, Page 1 of 60; als)

Assessments & dues

Not fixed; Base Assessment determined annually by Board budget (Section 8.1)

Special assessments

Requires affirmative vote or written consent of >50% of Class A votes and Class B (if exists) (Section 8.3)

Collections & liens

Association has lien for delinquent assessments superior to all except taxes and first mortgage; foreclosure permitted (Section 8.7)

Reserves & fees

Board to prepare and review reserve budget annually; capital contribution included in Common Expense budget (Section 8.2)

Leasing & rentals

Yes; no rule shall prohibit leasing or transfer of any Unit, or require consent (Section 3.4(e))

Architectural approval

Yes; no structure or thing placed, erected, installed, or posted without approval; Work includes exterior alterations, landscaping, etc. (Section 4.1, 4.2)

Home business

Not explicitly prohibited; Association may prohibit activities not normally associated with residential use (Section 3.4(c))

Insurance

Deductible generally treated as Common Expense; if loss due to negligence of Owner, may be assessed as Specific Assessment against that Owner (Section 7.3(b))

Use restrictions

Yes; Unit intended for development, use, and occupancy as an attached residence for a single family (Section 2.23)

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