Brookfield Townhomes Hpr

Key facts from Brookfield Townhomes Hpr's documents

Community type

Condominium

Legal name

Brookfield Townhomes

Developer / declarant

Mainstay, Inc. (Declarant (preamble))

Governing law

Horizontal Property Law of the State of Indiana, Acts 1963, Chapter 349, Sections 1 through 31, as amended (Section 1(a))

Special assessments

Board may make special assessments without Owner approval (unless otherwise provided) for capital expenditures, fire/casualty repair, etc. (By-Laws Section 5.04)

Reserves & fees

Replacement reserve fund for capital expenditures and replacement of exteriors and Common Area; maintained in separate interest-bearing account (By-Laws Section 5.02)

Maintenance

Corporation (part of exterior maintenance) (Declaration Paragraph 9)

Use restrictions

Each Townhome Unit limited to residential use (Declaration Paragraph 18)

Voting & meetings

Each Owner entitled to one (1) vote per Townhome Unit (By-Laws Section 2.05(a))

Amendments

Amendments require approval by no less than two-thirds (66.6%) of aggregate Percentage Vote; must be recorded; changes to Percentage Interest or liability share require 100% approval of Co-owners and all Mortgagees who have given notice of (Declaration Paragraph 19)

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