Knollwood Park Association, Inc.

Key facts from Knollwood Park Association, Inc.'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (homeowners association; not condominium) (Overview and Association definition (p.4)

Legal name

Knollwood Park Association, Inc.

Developer / declarant

Adams Road Development Corp. (Declaration, preamble (p.3))

Governing law

Indiana law (implied) (Numerous references to Indiana code, e.g)

Assessments & dues

Set by annual budget; as of Aug 2023 $285/month (from overview, not in declaration itself) (Overview (p.1))

Special assessments

Board may adopt resolution for special assessment without owner approval; amount equal per homesite (Paragraph 16(d) (p.9))

Reserves & fees

Allowed for capital expenditures and replacement of Common Areas; originally included painting reserve, but that was removed by Second Amendment (Paragraph 16(b) (p.8) and Second Amendme)

Pets

Dogs, cats, or other household pets allowed, but not for commercial purposes and must not become nuisance or hazard (Paragraph 32 (p.14))

Leasing & rentals

Yes, but with prior approval of the Association (Paragraph 19 (p.11))

Architectural approval

Yes, for all construction, alterations, landscaping, and changes to exterior; written approval from Architectural Control Committee required (Paragraphs 20 and 22 (p.11-12))

Signs & flags

One sign of not more than 5 sq ft advertising property for sale or rent; builder signs allowed during construction and sales period; Declarant may construct signs for promotion (Paragraph 31 (p.13-14))

Setbacks / home size

Minimum building setback as per recorded plat; side yards at least 10 ft each, total at least 20 ft; rear yard at least 40 ft; eaves, steps, open porches not considered part of dwelling for setback (Paragraph 24 (p.12-13))

Use restrictions

Yes, single-family dwelling use only; home occupations permitted under strict conditions (Paragraph 21(a) and 21(b) (p.11))

Voting & meetings

One vote per homesite; no voting by members until Turnover Date (defined as recording of written turnover, Declarant no longer owns any homesites, or Dec 31, 1993). After turnover, each member has one vote. (Paragraph 8 (p.5-6); By-Laws Section 2.0)

Amendments

Before Turnover: Declarant may amend unilaterally. After Turnover: amendment requires recording of instrument executed by owners of at least 75% of homesites. (Paragraph 41 (p.15))

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