College Courts Condiminiums

Key facts from College Courts Condiminiums's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Paragraph 2: 'the Property shall be Cond)

Legal name

College Courts Condominiums

Units / lots

not more than 48 (Section 3: 'contain a total of not more )

Developer / declarant

College Courts, LLC, an Indiana limited liability company (Introduction and Section 1(m))

Governing law

Indiana Code § 32-25-1-1 et seq. (the Act) (Section 1(a))

Collections & liens

Assessments constitute liens on Units; foreclosure allowed; subordinate to prior mortgages (Section 13(b) and 13(c))

Reserves & fees

Surplus from construction fund after reconstruction may be retained as reserve (Section 16(g)(iv): 'such sums may be ret)

Voting & meetings

Percentage Vote equal to Percentage Interest (Section 8: 'Percentage Vote... shall be )

Amendments

Approved by 67% of Percentage Vote; notice to mortgagees; recorded; certain changes require 100% owner approval or mortgagee consent (Section 18(a)-(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.