Bentwood Park Ccrs

Key facts from Bentwood Park Ccrs's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Governing law

Indiana Nonprofit Corporation Act of 1991, as amended (Section 1.2 (page 7))

Assessments & dues

Determined annually by Board based on budget; not a fixed amount in Declaration (Section 5.4 (page 20))

Special assessments

Board may levy special assessments if annual assessment insufficient; also for unanticipated Common Expenses (Section 5.5 (page 20))

Collections & liens

Each assessment is a lien on the Lot; may be foreclosed in court. Lien subordinate to first mortgage. Personal obligation of Owner. (Sections 5.2, 5.8 (pages 20, 22))

Reserves & fees

Budget shall include reasonable allowance for contingencies and reserves (Section 5.4 (page 20))

Pets

Yes, subject to restrictions. No farm animals, fowls, or domestic animals for commercial purposes. (Section 7.5 (page 26))

Parking & vehicles

Prohibited except on a temporary and non-recurring basis (Section 7.4(a) (page 26))

Fences

Fences require approval per Section 6.4 (architectural approval). In landscape easements, fences require Board approval (Section 3.6). No permanent structures in Landscape Easements without Board consent, but fencing may be allowed with app (Section 6.4 (page 24); Section 3.6 (page)

Architectural approval

Yes, Development Control Committee (Committee) must approve plans for construction, exterior changes, additions, etc. (except vegetative landscaping). Two copies of plans submitted for approval. (Sections 6.2, 6.4 (pages 23-24))

Home business

Use of portion of Dwelling Unit as office by Owner or tenant not a violation if in compliance with Section 7.26 (business uses). Section 7.26 requires that business not generate traffic, noise, etc.; must comply with local zoning. (Sections 7.1 (page 25), 7.26 (page 27))

Maintenance

Association maintains Common Areas (including landscaping easements along primary roads, medians, entry features). Owner maintains interior and exterior of Lot and Dwelling Unit, including structures, parking areas, lawns, landscaping. (Sections 4.3(a) and 4.3(b) (pages 16-17))

Insurance

Association shall maintain public liability insurance; fire and extended coverage insurance on Common Areas; may maintain officers/directors insurance. Fidelity bond required covering at least one year's assessments plus reserves. (Section 4.4 (pages 17-18))

Use restrictions

Each Lot restricted exclusively to single-family residential use. No trade or business may be carried therein except as permitted by Section 7.26 (home office compliance). (Sections 2.1 (page 8), 7.1 (page 25))

Voting & meetings

Class A Members: 1 vote per Lot owned; Class B Members (Developer): 3 votes per Lot owned. Class B membership terminates when Class A votes equal Class B votes or upon resignation. (Section 4.2 (pages 15-16))

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