Cherry Tree Walk Homeowners Association, Inc.

Key facts from Cherry Tree Walk Homeowners Association, Inc.'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision (detached single-family homes) (Recitals: 'residential community' and Ar)

Units / lots

53 lots in Initial Tract; potential total 272 lots if Additional Tract is fully developed (Article I(n): '53 Lots'; Article IV Sect)

Governing law

Indiana Code § 23-17-1 et seq. (Nonprofit Corporation Act of 1991); Indiana Code § 32-25.5-1 et seq.; I.C. 36-2-7-10 (Article I(a); Article V Section 8; stamp)

Assessments & dues

Board proposes annual budget; budget approved by majority vote of eligible Owners at annual/special meeting; Regular Assessments are based on adopted budget (Article XI Section 2)

Special assessments

Permitted (Section 4 of Article XI); defined but not fully extracted (Article XI Section 4)

Collections & liens

Yes, unpaid assessments become a lien on the owner's lot; enforcement includes foreclosure-like remedies (Article XI Section 5; also Article VIII Section 2) (Article XI Section 5; Article VIII Secti)

Reserves & fees

Not explicitly mentioned

Leasing & rentals

Yes (leasing of a lot is not considered a trade or business) (Article X Section 13)

Fences

Subject to architectural control (no specific rules stated) (Article IX (general))

Architectural approval

Yes, prior written approval required for any construction, exterior alteration, landscaping changes, etc. (Article IX preamble)

Home business

Allowed if not detectable by sight/sound/smell, conforms to zoning, no external visitors, consistent with residential character (Article X Section 13)

Signs & flags

Not specifically mentioned; subject to architectural control (Article IX) (Article IX general)

Maintenance

Association maintains Common Areas; Lot owners maintain their Lots and improvements (Article VIII Sections 1, 2)

Insurance

Association shall procure insurance on Common Areas (Article XIII Section 1); details not provided (Article XIII Section 1)

Use restrictions

Real Estate shall be used only for single family residential purposes (Article X Section 12)

Voting & meetings

Class A (lot owners): 1 vote per lot; Class B (Declarant): 4 votes per lot until Applicable Date. Multiple owners of a lot have one vote. (Article IV Section 2)

Amendments

General amendments require majority vote of eligible Owners (Article XV Section 1); Declarant may amend certain sections unilaterally (Article XV Section 2); Article IX may be amended by Declarant with consent (Article XV; Article IX preamble)

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