Heron Creek (IN)

Key facts from Heron Creek (IN)'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community with multiple land uses (single-family, two-family, commercial, condominiums, multi-family, residential care) (Section 1.01)

Legal name

Heron Creek Community

Developer / declarant

Waters Edge Land Company, LLC

Assessments & dues

To be determined by Board based on budget (Section 9.01(a))

Special assessments

Allowed; may be levied by Board (Section 9.01(b))

Collections & liens

Assessments constitute a lien on the Land, Dwelling, or Lot; may be recorded; foreclosure possible (Section 9.06)

Reserves & fees

Allocations to reserves allowed; must be reasonable and in accordance with standard practices in Hancock County and contiguous counties (Section 9.04)

Leasing & rentals

Yes, implied; tenant may use Community Facilities (Section 4.02)

Architectural approval

Yes, all residential dwellings, color schemes, and commercial building plans must be approved by Declarant (or designee) until all dwellings constructed or Declarant relinquishes control in writing (Section 1.02, Section 1.03)

Signs & flags

Only Declarant/Developer/builder may erect signs on Community Facilities for marketing during ownership (Section 8.03)

Maintenance

Owner responsible for repair/replacement of dwelling including roof (Section 7.03(a))

Insurance

Broad-form comprehensive public liability ($1M min) and property insurance (all-risk) covering Community Facilities and Limited Common Areas (Section 7.01, 7.02)

Use restrictions

Multiple land uses including commercial, so not exclusively residential (Section 1.01)

Voting & meetings

Each Owner entitled to vote as set forth in Supplemental Declaration; Class A (Owners) and Class B (Declarant); votes per Lot (Section 6.02(c)(i), (ii))

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