Ashwood Condos

Key facts from Ashwood Condos's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Ashwood

Developer / declarant

Woodfield, LLC, an Indiana limited liability company (First page, Article I Section 1.E)

Assessments & dues

Maximum $200.00 per Lot until December 31, 1998. (Article V Section 3)

Special assessments

Association may levy special assessments for capital improvements or other purposes with assent of not less than two-thirds (2/3) of total votes of Members voting in person or by proxy at a meeting duly called. (Article V Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot after 30 days delinquency; Association may foreclose the lien in the same manner as mortgages on real property in Indiana, including costs and attorneys' fees. (Article V Sections 10, 11)

Reserves & fees

An adequate reserve fund shall be maintained from regular annual assessments for periodic maintenance, repair and replacement of Common Area improvements and other property that must be replaced on a periodic basis. (Article V Section 2)

Pets

Household pets may be kept on Lots, subject to rules adopted by the Board. No commercial breeding or maintenance. Nuisance pets must be removed on 3 days' written notice; upon written request of 25% of total votes, Board shall order removal (Article IX Section 17)

Leasing & rentals

Yes, with restrictions. (Article IX Section 21)

Parking & vehicles

Only normal passenger automobiles, station wagons, utility vehicles, and small trucks such as pickups and vans are allowed. Larger commercial vehicles are prohibited. (Article IX Section 18)

Architectural approval

Yes, for any exterior additions, removals, alterations, fences, hedges, walls, walkways, and other structures. Written plans must be submitted to the Architectural Committee (Board or its appointed representatives) and approved in writing. (Article VI Section 1)

Home business

Incidental office purposes permitted to the extent allowed by applicable zoning ordinances. (Article IX Section 1.D)

Voting & meetings

Class A: one vote per Lot owned; Class B (Declarant): five votes per Lot owned until Applicable Date. Multiple owners of a Lot may cast only one vote, determined among themselves. (Article III Section 3.A, 3.B)

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