The Enclave at Fishes Pointe Hpr

Key facts from The Enclave at Fishes Pointe Hpr's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (Title and Section 1)

Governing law

Indiana Horizontal Property Law, Acts 1963, Chapter 349, Sections 1 through 31, as amended, codified at Indiana Code 32-1-6 et seq. (Section 1(a))

Assessments & dues

Common Expenses assessed proportionally based on Percentage Interest; budget approved by Board (Section 15 (Percentage Interest formula))

Collections & liens

Upon failure to pay assessment, lien may be foreclosed; such lien is subordinate to first mortgage recorded before assessment (Section 28(b); By-Laws Section 5.06 refe)

Reserves & fees

Board may retain surplus insurance proceeds as a reserve (Section 17(i))

Leasing & rentals

Yes, with restrictions (Section 19(a))

Maintenance

Exterior surfaces of roofs are Common Areas; Association responsible for maintenance (Section 5(a))

Insurance

Master casualty insurance covering full replacement value of Property including units, common areas, limited areas, fixtures, building service equipment, common personal property; also comprehensive public liability insurance of at least $2 (Section 16(a), (c))

Use restrictions

Each Condominium Unit shall be limited to residential use (Section 18 (referencing By-Laws))

Voting & meetings

Each Owner entitled to cast votes commensurate with number of Condominium Units owned (Section 11; By-Laws Article II Section 2)

Amendments

Material amendments require approval of two-thirds of Owners and a majority of Eligible Mortgagees; Declarant may amend unilaterally to conform to law, comply with agency requirements, or correct errors; other amendments presumably by major (Section 20(a)-(g))

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