Ashton Place Hpr Ccrs

Key facts from Ashton Place Hpr Ccrs's documents

Community type

Condominium (Horizontal Property Regime) (Title and Paragraph 2)

Legal name

ASHTON PLACE Homeowners Association, Inc.

Developer / declarant

Sentry Development, Inc., an Indiana corporation (First paragraph of Declaration)

Governing law

Horizontal Property Law of the State of Indiana, Ind. Code S 32-1-6-1 et seq. (the 'ACT') (Paragraph 1(a))

Assessments & dues

Regular assessments determined by the Board of Directors based on the proposed annual budget approved by the Owners at the annual meeting; the budget is presented to the Owners for approval or amendment (By-Laws Sections 5.2, 5.3; Section 2.7(a)

Architectural approval

No Owner shall make any alterations or additions to or which would affect the Common Areas or Limited Areas without prior written approval of the Board of Directors; no alteration affecting safety or structural integrity of the Building wit (Paragraphs 14, 7(b))

Amendments

Amendment requires approval by 75% of the Percentage Vote; notice to mortgagees required; special amendments (changing Percentage Interest or Common Expense share) require 100% of Co-Owners; amendment to Paragraph 16 (reconstruction) requir (Paragraph 18)

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