Fisher Creek Condominium

Key facts from Fisher Creek Condominium's documents

Community type

condominium (generic sense, not Indiana Horizontal Property Regime) (Article II, Section 8: 'THE WORD "CONDOM)

Legal name

Fisher Creek Condominium Association, Inc.

Units / lots

124 (Article III, Section 1: 'This subdivisio)

Developer / declarant

Heritage Development of Indiana, LLC

Assessments & dues

Maximum monthly assessment $40.00 per lot until January 1, 2007 (plus insurance assessment) (Article VI, Section 3(a): 'until January)

Special assessments

For capital improvements and operating deficits, with approval of majority of votes of members voting in person or by proxy at a meeting (Article VI, Section 4)

Reserves & fees

Special assessment may establish a Capital Fund for future repairs (Article VI, Section 4: 'establish a Capi)

Parking & vehicles

No parking on private roads at any time. (Article VIII, Section 2: 'No parking is )

Architectural approval

No out-building, fence, wall or other structure shall be commenced, erected or maintained upon the Properties, nor shall any exterior addition to, or change or alteration therein, be made until plans and specifications approved in writing b (Article XII: 'no out-building, fence, wa)

Home business

No home occupation conducted on any lot other than one incidental to a business that is generally conducted away from the lot. No signs identifying a home occupation. (Article XIII, Sections 1 and 2: 'No home)

Signs & flags

Prior to January 1, 2010, no advertising signs (other than interior window signs) without Declarant's approval. No signs identifying home occupation. Declarant/builder may erect signs during construction and sales period. (Article XIII, Sections 1 and 3)

Use restrictions

All lots shall be used exclusively for residential purposes. (Article III, Section 2: 'All lots shall )

Voting & meetings

Two classes: Class A (all owners with dwellings liable for expenses) and Class B (Declarant, 3 votes per lot owned). Class B ceases when Class A votes equal Class B or on January 1, 2009, whichever earlier. (Article V, Section 2)

Amendments

Within 10 years after recordation: amendment by instrument signed by at least majority of then Owners. Thereafter: by instrument signed by at least 75% of Owners. Declarant's rights reserved cannot be amended without Declarant's prior writt (Article XV, Section 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.