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)

Architectural approval

No Owner shall make any change, alteration, addition or improvement to exteriors without express written consent of Board of Directors (Declaration Paragraph 10)

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.