Arden Townhomes

Key facts from Arden Townhomes's documents

Community type

Arden Townhomes – a residential community of townhomes (Recital B, page 6)

Legal name

Arden Townhomes Homeowners’ Association, Inc. (Section 1.3, page 7)

Developer / declarant

Buckingham Arden, LLC, an Indiana limited liability company (Section 1.12, page 7)

Special assessments

Allowed for capital improvements, repairs, etc.; requires assent of more than 2/3 of each class voting at a meeting with notice 30-60 days in advance (Section 5.7, pages 12-13)

Collections & liens

Assessments constitute a continuing lien on the Lot; personal obligation of Owner; Association may foreclose and/or sue for money judgment (Sections 5.1 and 5.12, pages 10, 14-15)

Reserves & fees

$25.00 added to overdue semi-annual installment (Section 5.6(d), page 12)

Pets

Yes (Section 6.9, page 18)

Leasing & rentals

Yes, subject to restrictions (Section 6.20, page 20)

Home business

Allowed within Dwelling Unit if (a) not detectable from outside, (b) no sign, (c) no commodity sold on premises, (d) no employees other than residents (Section 6.31, page 22)

Signs & flags

Permitted Signs only: real estate sale/lease signs ≤6 sq ft, non-illuminated, professionally constructed, with ARC approval; no more than one sign per Lot at any time; garage sale signs prohibited; 'Rent to Own' signs prohibited; Declarant/ (Section 6.8, pages 17-18)

Use restrictions

Property shall be used exclusively for residential purposes, except as provided for Declarant's sales/marketing use (Section 6.1, page 16)

Voting & meetings

Two classes: Class A – one vote per Lot; Class B (Declarant) – three votes per Lot until conversion upon Authority Transfer Date (Section 3.1, page 10)

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