Boston Commons

Key facts from Boston Commons's documents

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

Community type

Covenant / Planned Community

Legal name

Boston Commons

Developer / declarant

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

Governing law

Indiana Nonprofit Corporation Act of 1991 (Paragraph 18(f)(3): 'as provided in the )

Assessments & dues

Initial monthly Regular Assessment guaranteed not to exceed $34.00 per month; thereafter up to 20% annual increase (Paragraph 18(e): 'monthly Regular Assess)

Special assessments

Requires assent of 2/3 vote of each class (excluding Declarant proxy), can be made for capital expenditures or repair from casualty (Paragraph 18(d))

Collections & liens

Assessment is a lien on the Lot; can be foreclosed by Board; personal liability also exists (Paragraph 18(f): 'lien for such assessme)

Reserves & fees

10% of Regular Assessments prior to Applicable Date designated for replacement reserve; separate interest-bearing account (Paragraph 18(e): 'Ten percent (10%) of t)

Fences

Opaque screen fencing not permitted; wooden lattice-type screening for outdoor enclosures and AC units (Paragraph 16(b) item 8: 'no opaque scree)

Architectural approval

Yes – any improvement, alteration, change of color, planting, etc. requires prior written approval of Architectural Review Board (Paragraph 16(c): 'no improvements, alter)

Signs & flags

Declarant may maintain signs on Common Area for marketing; no other sign restrictions mentioned (Paragraph 17(c): 'right to maintain sign)

Maintenance

Association maintains Common Area; Owner maintains Lot and Home; if Owner fails, Corporation may intervene and charge (Paragraph 15: 'if due to willful ... act)

Insurance

Fire and extended coverage on Common Area at full replacement value; also 'all risk' if obtainable; public liability minimum $1,000,000 (Paragraph 20(a) and (b))

Use restrictions

Implied – each Lot is for a single-family dwelling (Home defined as single family dwelling unit) (Paragraph 1(l): 'Home means the single f)

Voting & meetings

Class A: 1 vote per Lot; Class B: 3 votes per Lot (Declarant) until Applicable Date (Paragraph 10(b))

Amendments

Referenced in Paragraph 23 but not included in excerpt (Paragraph 23 (not in text))

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