Applewood Estates

Key facts from Applewood Estates's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Applewood Estates

Developer / declarant

Kirkpatrick and Associates, Inc., an Indiana corporation (Preamble)

Governing law

Indiana Nonprofit Corporation Act of 1991 (Article III, Section 4)

Assessments & dues

Initial maximum $660 per Lot until December 31, 1996 (Article VI, Section 3)

Special assessments

Requires assent of at least 2/3 of total votes of Members voting in person or by proxy at a meeting called for that purpose (Article VI, Section 4)

Collections & liens

Continuing lien from January 1 (annual) or from first installment due (special); after 30 days delinquency, Association may record notice of lien and foreclose like mortgage (Article VI, Sections 1, 10, 11)

Reserves & fees

Adequate reserve fund shall be maintained out of regular annual assessments for periodic maintenance, repair, replacement of Common Area improvements (Article VI, Section 2)

Pets

Common household pets may be kept on Lots, subject to rules and regulations (Article X, Section 7)

Home business

Permitted exceptions: model residences and sales offices by Declarant, Association offices, and professional activities that do not change residential character and are not offensive (Article X, Section 1 (incomplete text))

Signs & flags

Only street addresses and occupant names in approved style, 'For Sale' or 'For Lease' signs in form/location required by Board, and Declarant's signs during construction/sale (Article X, Section 10)

Voting & meetings

Class A: 1 vote per Lot; Class B (Declarant): 4 votes per Lot owned (Article III, Sections 3(A) and 3(B))

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