Holiday Pines

Key facts from Holiday Pines's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Holiday Pines Horizontal Property Regime

Developer / declarant

Holiday Park Homes, Inc., an Indiana corporation (Opening paragraph)

Governing law

Indiana Horizontal Property Act (Acts 1963, Chapter 349) as amended (Para 1(a))

Assessments & dues

Common Expenses assessed according to each Owner's Percentage Interest (equal share); monthly assessments are a lien on each Dwelling Unit (Para 8, 16, 22)

Special assessments

Allowed for reconstruction costs not covered by insurance; assessed as Common Expenses and constitutes a lien (Para 20(d))

Collections & liens

Monthly assessments are a lien on each Dwelling Unit; Association may place a lien and foreclose for nonpayment of common expenses (Para 22, 30)

Fences

Fences are expressly subject to Drainage & Sewer Easement rights, including right of removal where reasonably necessary without duty of replacement or reimbursement (Para 33)

Architectural approval

No Owner may make alterations or additions to Common Areas or Limited Areas without prior written approval of Board of Managers; no alterations to Dwelling Unit that adversely affect safety or structural portion (Para 15)

Solar & roof

Board of Managers reserves exclusive right to determine outside decor, including color and paint (Para 14)

Maintenance

Association: exterior of each Dwelling Unit except glass, doors, and garage doors; also Common Areas. Owner: interior of Dwelling Unit; repairs of any defect that might adversely affect other units, common areas, or limited areas; expenses (Para 14, 27)

Insurance

Owner shall purchase insurance for contents of Dwelling Unit, personal property stored elsewhere, and living expenses (Para 19(b))

Use restrictions

Implied; Declarant reserves mode and method of sale to maintain residential character of the Regime (Para 21)

Voting & meetings

One vote per Dwelling Unit owned; Percentage Vote equals Percentage Interest; all Owners have equal percentage interest and vote (Para 8, 17)

Amendments

Amendment requires notice, resolution by Board or Owners of at least majority Percentage Vote, meeting, approval by not less than majority of Percentage Vote; must be recorded. Certain provisions (Percentage Interest change, Para 16, Para 1 (Para 24)

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