Indian Hills Townhomes

Key facts from Indian Hills Townhomes's documents

Community type

Covenant / Planned Community

Legal name

INDIAN HILLS TOWNHOMES PROPERTY OWNERS ASSOCIATION

Developer / declarant

Winrock Homes, Inc.

Assessments & dues

Maximum $1,440.00 per Lot per year for the year beginning January 1, 1998. (Article V, Section 1(a): 'For the year b)

Special assessments

Board may levy a special assessment for capital improvements on common areas or exterior maintenance of Living Units, with approval of 2/3 of Members. Maximum special assessment cannot exceed three (3) times the current fixed annual assessm (Article V, Section 4(a) and (b): 'The Bo)

Collections & liens

Annual and special assessments are a continuing lien on the Lot and also the personal obligation of the owner at the time the assessment fell due. The Association may enforce by action at law or by lien foreclosure in Pulaski County court. (Article V, Section 2: 'The annual and sp)

Reserves & fees

Association shall establish an adequate reserve fund for the maintenance, repair, and replacement of elements of the Private Common Areas that must be replaced on a periodic basis. (Article V, Section 3: 'for the establish)

Leasing & rentals

Yes, but Owner may not lease more than one Living Unit to any lessee or renter. Any rental agreement must contain such covenants, restrictions, and provisions as the Board may require. (Article II, Section 6: 'In no event shal)

Architectural approval

If Board or Committee fails to approve or disapprove within 30 days after written request and plans/specifications are received, and if no suit to enjoin is commenced within 90 days after completion, then approval is deemed granted and cove (Article VI, Section 3: 'In the event the)

Use restrictions

Lots shall be held, owned, and used only as single-family residences. (Article II, Section 1: 'The Lots in INDI)

Voting & meetings

One vote per Lot owned; in no event more than one vote per Lot. For joint ownership, joint members exercise one vote as they determine. (Article III, Section 1(b): 'the vote for)

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