Glen Oak Commons

Key facts from Glen Oak Commons's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Yeager Realty Company, L.P. and Jerome Martin d/b/a Myland Development Company (Preamble)

Governing law

Indiana law; document recorded in Johnson County, Indiana. No specific statute referenced. (Preamble and recording details)

Assessments & dues

Quarterly Regular Assessment initially guaranteed not to exceed $237.22 per quarter. After first year, may increase up to 20% annually as determined by Board. (Paragraph 6 (Guaranteed Charge, page 20-)

Special assessments

Special Assessments may be made for major physical alterations or unusual expenditures not ordinarily anticipated, as covered by Special Assessments or replacement reserve fund. Special Assessments may be levied by the Board subject to Owne (Paragraph 6 (some references to Special )

Collections & liens

If Owner fails to pay assessment, a lien on the Lot and Dwelling Unit may be filed and foreclosed as a mortgage on real property or as otherwise provided by law. Board may accelerate entire unpaid balance and appoint receiver to collect ren (Paragraph 6 (Failure to pay assessments,)

Reserves & fees

Corporation shall maintain a replacement reserve fund for capital expenditures and replacement of Common Areas, Landscape Islands, etc., in a separate interest-bearing account. Fund not to be used for usual repair expenses. (Paragraph 6 (replacement reserve fund, p)

Pets

Pets: dogs, cats, or customary household pets may be kept, provided not bred or maintained for commercial purposes and do not create a nuisance. Pets taken outdoors only under leash or other restraint and attended by owner. (Paragraph 17(e))

Architectural approval

An Architectural Review Board exists; prior consent required for any additions, changes, or structures (e.g., plantings in easements, signs, attachments). Approval process and timeline not detailed in this excerpt. (Paragraph 17(d) and other references (e.)

Maintenance

Common Areas, Landscape Islands, Landscape and Non-Access Easement, and Pockets are maintained by HOA (or Board). Lot owners maintain their own lots and certain easement areas (e.g., grass cutting in L&E unless assumed by HOA). (Paragraph 6(h) (Board duties), Paragraph)

Use restrictions

All Lots and Dwelling Units shall be used exclusively for residential purposes and for occupancy by a single family. (Paragraph 17(a))

Amendments

DECLARANT may amend Declaration unilaterally for purposes including compliance with lender requirements, statutory requirements, or correcting errors. Prior to Applicable Date, no amendment without DECLARANT's consent. After Applicable Date (Paragraph 18 (a) and (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.