Arbor Woods (IN)

Key facts from Arbor Woods (IN)'s documents

Community type

Subdivision (Article I - Name: Arbor Woods Subdivisio)

Legal name

Arbor Woods Homeowners Association, Inc.

Units / lots

At least 24 (Article IX references Lots 13-17 and 20-)

Developer / declarant

Timber Park Development Corp., an Indiana corporation (Preamble)

Assessments & dues

Maximum $240.00 per Lot per year until January 1, 1994 (Article VII Section 3(a))

Special assessments

May be levied for capital improvements or operating deficits with majority vote of members (Article VII Section 4)

Collections & liens

Unpaid assessments are a continuing lien on the Lot; subordinate to first mortgage; personal obligation of owner; foreclosure extinguishes prior lien (Article VII Sections 1, 8, 9)

Reserves & fees

A portion of Regular Assessments shall be set aside in a reserve fund for repair and replacement of Common Areas or capital improvements (Article VII Section 3(e))

Pets

Dogs, cats or other household pets may be kept, provided they are not kept, bred or maintained for any commercial purpose (Article V Section 2)

Parking & vehicles

Any motor vehicle which is inoperative and not being used for normal transportation shall not be permitted to remain on any Lot except within a closed garage (Article V Section 6)

Architectural approval

If the Architectural Committee fails to approve, modify or disapprove in writing an application within 30 days after receipt, approval will be deemed given (Article XII Section 2)

Signs & flags

One sign of not more than 8 square feet for sale or rent; also signs allowed by zoning ordinance; Declarant may display or authorize builders to display signs (Article V Section 8)

Use restrictions

All Lots shall be used exclusively for residential purposes (except drainage, utility, access easements and related uses) (Article IV Section 1)

Voting & meetings

Class A: one vote per Lot; Class B: three votes per Lot owned by Declarant (Article VI Section 2)

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