Guilford Trail Hpr Pt

Key facts from Guilford Trail Hpr Pt's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (§2: "Property shall be a Horizontal Prop)

Units / lots

11 (as of declaration date) (§3: "two (2) Buildings ... containing el)

Governing law

Indiana Horizontal Property Law (Acts 1963, Chapter 349, Sections 1 through 34, as amended) (§1(a))

Assessments & dues

Common Expenses are assessed by the Corporation; amounts set by Board (§1(i), §12)

Collections & liens

Assessments constitute a lien on the Condominium Unit as provided in the Act and Declaration (§16(b) (casualty assessment lien), §19 ()

Architectural approval

Yes – prior written approval of Board required for alterations affecting Common Areas or Limited Areas, or changes affecting safety/structural integrity of building, or color changes of Common/Limited Areas (§14)

Maintenance

Exterior surfaces of roofs are Common Areas maintained by Corporation (§6(2))

Insurance

Master casualty insurance (fire and extended coverage, all risk if obtainable) on Common Areas and Limited Areas; also comprehensive public liability insurance (§15)

Use restrictions

Yes – each Condominium Unit limited to residential use (§17: "each of the Condominium Units shal)

Voting & meetings

One (1) vote per Condominium Unit (§1(p): "Percentage Vote ... shall be one)

Amendments

Requires 75% of Percentage Vote (and approval of each affected Mortgagee if any unit is subject to a first mortgage); Declarant may amend unilaterally for certain purposes prior to Applicable Date (§18)

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