Loudoun Place Homeowners Association

Key facts from Loudoun Place Homeowners Association's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential homeowners association (Recitals: 'single-family housing develop)

Legal name

Loudoun Place Homeowners' Association, Inc. (Articles of Incorporation, Article I and)

Developer / declarant

Lennar Homes of Indiana, LLC (Declaration, introductory paragraph)

Governing law

Indiana Nonprofit Corporation Act of 1991 (as amended); Indiana Code Article 32-25.5 (HOA Act) (Declaration Section 1.2 and Section 5.7)

Assessments & dues

Set by Board (after Transfer Period) or by Declarant (before Transfer Period); amount not specified in this document. (Declaration Sections 5.7, 5.8)

Special assessments

Permitted; requires assent of at least 67% of Board votes at a meeting duly called. Also permitted by Board for unanticipated common expenses or capital improvements; must be based on benefit pro rata. (Declaration Section 5.11)

Collections & liens

Unpaid assessments (plus interest, costs, attorneys' fees) constitute a lien on the lot. Association may bring action to foreclose lien. Lien subordinate to prior recorded mortgages. (Declaration Sections 5.4, 5.5, 5.16, 5.1)

Reserves & fees

Mentioned in context of budget (allowance for contingencies and reserves). Working capital from assessments may be held as reserve. (Declaration Sections 5.7, 5.9, 5.10)

Pets

Section 7.7 Animals and Pets - not in excerpt; likely allowed with restrictions. (Document text (Table of Contents lists S)

Parking & vehicles

Section 7.8 Parking and Prohibited Vehicles (title only, content truncated) (Table of Contents Section 7.8)

Fences

Section 7.25 Fences - not in excerpt; specific rules not available. (Document text (Table of Contents lists S)

Architectural approval

Yes. No construction, modification, addition, or alteration on existing lots/gardens without approval of Architectural Control Committee (or Declarant during Transfer Period). (Declaration Article VI, Sections 6.1, 6.)

Home business

Section 7.24 Business Uses - not in excerpt; likely restricted. (Document text (listed in Table of Conten)

Signs & flags

Section 7.6 Signs - not in excerpt; likely restricted. (Document text (Table of Contents lists S)

Setbacks / home size

Buildings must be within setback lines designated on Plat (Section 7.2: 'No building or structure s)

Maintenance

Association responsible for Common Areas, Lakes, Landscape Easements within Common Areas, medians, entry features, streetlights, street signs, street trees along Common Areas. Owners responsible for their Lots, Dwelling Units, and all Struc (Declaration Section 4.2)

Insurance

Association shall maintain commercial general liability insurance; may maintain fire and extended coverage on Common Areas (full insurable value). (Declaration Section 4.3)

Use restrictions

All lots restricted exclusively to single-family residential use. (Declaration Section 2.1)

Voting & meetings

One vote per lot; DRP/Declarant receives one vote per owned lot plus four additional votes for each lot owned by another Owner during Development Period. Each lot owned by multiple persons treated collectively as one member. (Declaration Section 4.1)

Amendments

Article IX General Provisions includes amendment (Section 9.1). Specific procedure not in excerpt; likely requires owner vote. Supplemental Declarations possible. (Document text (Table of Contents lists A)

Amenities

Pool, pool house, clubhouse, play equipment, gazebos mentioned as potential improvements in Common Areas. Also Lakes. (Declaration Section 4.2(a) and Section 1)

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