Carrington Village All

Key facts from Carrington Village All's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community with three subdivisions: Carrington Village, Carrington Pointe, Carrington Park (Recitals, para. 2)

Legal name

Carrington Communities

Developer / declarant

Indiana Development Company, LLC

Assessments & dues

Maximum Regular Assessment until December 31, 1996: $120.00 per Residence Unit per year (Article VII, Section 7.2(i))

Special assessments

Requires approval of two-thirds (2/3) of each class of members who cast votes at a meeting called for that purpose (Article VII, Section 7.3)

Collections & liens

Unpaid assessments (with interest, costs, attorneys' fees) are a continuing lien on the Residence Unit, prior to all liens except tax liens and first mortgages; lien may be foreclosed like a mortgage; personal obligation of owner at time as (Article VII, Sections 7.6, 7.7)

Reserves & fees

A portion of Regular Assessment may be set aside as a reserve for repair and replacement of capital improvements (Article VII, Section 7.1)

Leasing & rentals

Yes, with written lease having a minimum term of one year; lessee subject to all Association rules (Article IV, Section 4.1)

Architectural approval

Prior written approval required for all improvements, exterior color changes, landscaping changes, etc. (Article VI, Section 6.2(i))

Home business

Not explicitly addressed; commercial use prohibited on Common Areas and likely on lots per Plat Covenants (Article IV, Sections 4.2, 4.4)

Signs & flags

Developer may use signs of any size during Development Period; otherwise subject to Plat Covenants restrictions (Article XIII, Section 13.2; Article IV, )

Use restrictions

Initial sales to owner-occupants; Common Areas not for commercial purposes; commercial use prohibited by incorporated Plat Covenants (Article IV, Sections 4.1, 4.2; Section 4)

Voting & meetings

Class A members (non-developer): 1 vote per Residence Unit; Class B member (Developer): 3 votes per Lot or Residence Unit owned; multiple owners exercise single vote (Article V, Section 5.2)

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