Austin Lakes

Key facts from Austin Lakes's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential subdivision of single-family homes (Section 2: 'Lots shall be used only for )

Governing law

Indiana Nonprofit Corporation Act of 1991 (referenced in Bylaws) (Revised Bylaws, Article II, Section 1)

Assessments & dues

By the Association; change requires assent of two-thirds of voting members (in person or by proxy) at a meeting with 30 days' written notice (Section 9.E, also Section 9.D for specia)

Special assessments

May be levied for capital improvements upon affirmative vote of two-thirds of voting members; quorum 60% at first meeting, then half (Section 9.D and 9.F)

Collections & liens

Unpaid assessments become a continuing lien on the property; Association may bring action to foreclose; lien subordinate to first mortgages (Section 9.I and 9.J)

Reserves & fees

Penalty not to exceed $10.00 if assessment not paid within 30 days after delinquency date (Section 9.I)

Pets

Only common household pets; no animals or poultry (Section 7)

Leasing & rentals

Only if home is also listed for sale; may be rented for one year; extension requires written Association approval; must have 'For Sale' sign; owner must actively market and be current on dues (2003 Amendment to Covenants)

Parking & vehicles

Boat, trailer, recreational vehicle, camper must be kept within a garage (Section 5)

Fences

All fences require Committee approval for material and height; no fence forward of furthest back corner of residence (Section 17)

Architectural approval

Yes, for buildings, walls, fences, and other structures (Section 8)

Home business

Prohibited (Section 6)

Signs & flags

Only signs permitted: required by law, one builder/financial institution sign during construction/sales period, one yard sale sign no more than twice a year (one day each), one for-sale/rent sign, one no-hunting/no-trapping sign (Section 14)

Setbacks / home size

Front and side building lines as shown on Plat or by county ordinances (Section 4)

Use restrictions

Yes, lots shall be used only for residential purposes; no business, trade, or profession (Section 2 and Section 6)

Voting & meetings

Each lot has one vote on all matters (Section 1.L and Bylaws Article III, Sect)

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