Fairway Hills Hpr

Key facts from Fairway Hills Hpr's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Expandable Condominium (Paragraph 2)

Legal name

Fairway Hills - Phase I Condominium

Units / lots

18 initial, not to exceed 131 total (Paragraph 1(p) and Paragraph 5)

Governing law

Indiana Horizontal Property Law, I.C. 1971, 32-1-6-1 et seq. (Paragraph 1(a))

Assessments & dues

Board determines common expenses and special assessments; each Co-Owner pays pro rata according to undivided interest (Paragraph 18; By-Laws Article III, Secti)

Special assessments

Board may levy special assessments (By-Laws Article VI, Section 3)

Collections & liens

Association has lien for unpaid common charges; may foreclose in same manner as liens for Common Expenses (By-Laws Article VI, Sections 5, 6, 7; Pa)

Reserves & fees

Common Expense Fund established (Paragraph 1(h); By-Laws Article VII, Sec)

Pets

Small dogs, cats, other usual household pets, less than 40 pounds, subject to rules, not a nuisance (Paragraph 11(e))

Leasing & rentals

Not prohibited; Declarant may lease Units; implied owners may lease (Paragraph 25 (Declarant's right to lease)

Parking & vehicles

Parking spaces assigned by Board to Units for exclusive use; not limited common areas but assigned (Paragraphs 9 and 10)

Architectural approval

Board and Declarant (until construction complete) written consent required for alterations or construction in Common Areas; Board consent for Unit alterations (Paragraph 11(g); By-Laws Article VI, Sec)

Maintenance

Association (roof is Common Area) (Paragraph 8(d) includes roofs in Common )

Insurance

Fire and extended coverage, vandalism, etc.; minimum coverage equal to maximum insurable replacement value (Paragraph 19(b))

Use restrictions

Single family residential purposes and common recreational purposes auxiliary thereto (Paragraph 11(a))

Voting & meetings

One Voting Member per Unit; total votes 100; each Co-Owner votes according to percentage interest in Common Areas and Facilities (By-Laws Article II, Section 8)

Amendments

By 75% vote of Co-Owners; changes to percentage interests or voting rights require unanimous consent; Declarant approval required until all Units sold; Declarant may amend unilaterally for annexation (Paragraph 29)

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