Crystal Lake South

Key facts from Crystal Lake South's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Art I, §1.3, §1.8, §1.12 (Common Areas, )

Developer / declarant

ARLINGTON THOMPSON LEC, an Indiana limited liability company

Governing law

Indiana not-for-profit corporation law (implied) (Art I, §1.1)

Assessments & dues

Until December 31, 2000, maximum $264 per year ($22 per month). After that, can increase up to 15% per year without vote until January 1, 2001 (text says 2009 but likely 2001). Thereafter, any increase above the maximum requires majority vo (Art VII, §7.2(i)-(iii))

Special assessments

May be made with assent of two-thirds (2/3) of each class of members voting in person or by proxy at a duly called meeting. (Art VII, §7.3)

Collections & liens

Assessments are a continuing lien on the Residence Unit or Lot, prior to all other liens except tax liens and first mortgage liens. Association may foreclose as a mortgage lien or bring a money judgment. Upon foreclosure by mortgagee, lien (Art VII, §7.6(i)-(ii), §7.7)

Reserves & fees

A portion of Regular Assessment may be set aside in a reserve fund for repair and replacement of capital improvements which the Association is required to maintain. (Art VII, §7.1)

Pets

Dogs, cats, or other household pets may be kept, provided they are not kept, bred, or maintained for any commercial purpose. (Art IV, §4.4)

Leasing & rentals

Yes, with a written lease having a minimum term of one year. Lease must provide that lessee is subject to all rules and regulations of the Association and terms of the Declaration. (Art IV, §4.1)

Use restrictions

Residence Unit designed for occupancy by one family. (Art I, §1.10 (definition of Owner), Art )

Voting & meetings

Class A members - 1 vote per Residence Unit owned; Class B (Developer) - 3 votes per unsold lot until Applicable Date (when Class A votes equal Class B votes, or December 31, 2005, whichever first) (Art V, §5.2, §5.3)

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