Broad Ripple Place Condominium

Key facts from Broad Ripple Place Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Broad Ripple Place Condominiums

Developer / declarant

Broad Ripple Place LLC

Governing law

Indiana Condominiums Act, IC 32-25-1 et seq. (Paragraph 2)

Special assessments

Common Expenses may include costs for reconstruction shortfall not covered by insurance; assessed proportionally to Unit Percentage Interest (Paragraph 23.2)

Reserves & fees

Association shall maintain and establish a reserve fund for deferred maintenance, repairs, replacements, administration, insurance, etc. (Paragraph 20.3)

Architectural approval

Prior written approval of Board required for any alterations or additions to Common Areas or Limited Areas; alterations affecting structural integrity also require approval (Paragraph 21)

Maintenance

Not explicitly allocated; roof is part of Common Areas (Paragraph 8(a)) so Association responsibility (Paragraph 8(a): 'The foundation, columns)

Insurance

Not required; Owners may obtain additional insurance for Unit contents, personal liability, and casualty on Unit (must contain waiver of subrogation) (Paragraphs 22.9, 22.10)

Voting & meetings

Majority of Percentage Vote (at least 51%) (Bylaws Section 2.05(e))

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