Parkview Estates (IN)

Key facts from Parkview Estates (IN)'s documents

Community type

Single-family residential subdivision with a mandatory Lakeowners Association for lots 33-37 (Covenant 1 (single-family dwelling); Cov)

Legal name

Parkview Estates, First Section, Lakeowners Association (Covenant 18 A.1)

Units / lots

21 single-family residential lots (Subdivision description)

Developer / declarant

Declarant means owner, or any other person, firm, corporation or partnership which succeeds to the interest of owner as Declarant of Parkview Estates (Covenant 18 B.4)

Governing law

Association organized as an incorporated not-for-profit association under the laws of the State of Indiana (Covenant 18 D.1)

Assessments & dues

Each Owner pays a pro-rata share of annual Assessments fixed by the Board; no fixed dollar amount stated (Covenant 18 C.1.1)

Special assessments

Board may levy special assessments if annual Assessments are insufficient to pay Maintenance Expenses or to defray unanticipated Maintenance Expenses not provided for by annual Assessments (Covenant 18 C.5)

Collections & liens

Assessments are a charge and continuing lien on each Lot from due date; lien is subordinate to any mortgage recorded prior to due date; enforceable as personal obligation and against Owner's interest; Association may foreclose the lien or s (Covenant 18 C.2 and C.8)

Reserves & fees

Annual budget must include a reasonable allowance for contingencies and reserves of the Association (Covenant 18 C.4)

Pets

Dogs, cats, or other common household pets may be kept, provided they are not bred, kept or maintained for any commercial purpose (Covenant 15)

Parking & vehicles

Attached garage for not less than two cars is mandatory; detached garages are not permitted on any lot (Covenant 1)

Signs & flags

One professional sign not more than one square foot; one sale/rent sign not more than five square feet; builder signs during construction and sales period (Covenant 8)

Setbacks / home size

Ground floor area of main structure, exclusive of one-story open porches and garages, not less than 1200 square feet for one-story dwelling and not less than 900 square feet for dwelling of more than one story; total living area in both flo (Covenant 3)

Maintenance

Association maintains Lake (weed control, trash removal, water flow) after lake and appurtenant facilities are completed by Declarant to Town approval; Owner maintains that portion of natural waterways through a lot and perpetuates field ti (Covenants 13 and 18 A.1)

Voting & meetings

Class A members (all Owners except Declarant) entitled to one vote per Lot; when more than one person holds an interest in a Lot, all such persons are members but no more than one vote may be cast per Lot (Covenant 18 D.2)

Amendments

Change to any Covenant or Restriction requires an instrument signed by Owners of a majority of the lots and presentation to Town of Bargersville; no change is effective unless first approved by the Town Council of the Town of Bargersville (Covenant 20)

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