Ballantrae (IN)

Key facts from Ballantrae (IN)'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Ballantrae

Developer / declarant

Ballantrae Development, LLC, an Indiana limited liability company (Preamble)

Assessments & dues

Maximum Regular Quarterly Assessment initially $750.00 per quarter ($3,000 per year) per lot. (Section 5.3(a))

Special assessments

For capital improvements or operating deficits, requires approval of two-thirds of votes cast at a meeting. (Section 5.4)

Collections & liens

Unpaid assessments constitute a continuing lien on the Lot; Association may foreclose; lien subordinate to first mortgage. (Sections 5.1, 5.9, 5.10)

Reserves & fees

Portion of Regular Quarterly Assessments may be set aside in reserve fund for repair and replacement of Common Area. (Section 5.2)

Pets

Only domestic household pets traditionally kept in Indiana; dogs must be on leash or confined; excessive barking or viciousness may be ordered removed. (Section 6.4)

Leasing & rentals

Any Lot may be leased by its Owner. (Section 6.3)

Parking & vehicles

Boats, campers, mobile homes, disabled vehicles, trailers - parking prohibited unless fully enclosed in a garage or incident to Declarant/builder/Association business. (Section 6.16)

Fences

Only wrought iron or wrought iron appearing fences; no front yard fencing except sales office; must be professionally installed; not closer to front than rear foundation line; requires 30-day written approval. (Section 6.24)

Architectural approval

Approval required for buildings, outbuildings, mailboxes, fences, satellite dishes, walls, and exterior changes. (Section 6.2)

Home business

Home occupations permitted if within residence, conducted by resident family member, no signs, no commodities sold, no employees except family, no customers on lot, no manufacturing. Prohibited: child care, barber shop, animal care, etc. (Section 6.23)

Setbacks / home size

Front building lines as shown on Plat; minimum side and rear yards per applicable zoning. (Sections 6.6, 6.7)

Maintenance

Owner maintains Lot and Dwelling Unit (including roof, gutters, plumbing, etc.). Association maintains Common Area, grass, leaf removal, snow removal, street signs, asphalt driveways. (Sections 7.1, 7.2, 7.3)

Insurance

Association purchases comprehensive general liability insurance covering Common Area, Board, agents; Hamilton County Drainage Board named additional insured with minimum $500,000 coverage. (Section 8.1)

Use restrictions

Lots shall be used exclusively for single family detached residential purposes. (Section 6.1)

Voting & meetings

Class A: Owners, 1 vote per lot. Class B: Declarant, 10 votes per lot until conversion. (Section 4.2)

Amendments

Requires 75% of Owners approval; Declarant may amend unilaterally for corrections, conforming to requirements, etc. Certain changes (abandon Common Area, insurance failures) require 2/3 of Owners excluding Declarant/Builder. (Section 10.4)

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