Flat Branch

Key facts from Flat Branch's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Community Development II Inc.

Governing law

Indiana Nonprofit Corporation Act of 1991 (Art. I.A)

Assessments & dues

Prior to January 1, 2003, not to exceed $180 per lot; thereafter set by Board based on budget (Art. V.C: "in no event shall the Annual )

Collections & liens

Unpaid Assessments constitute a lien on the Lot; lien may be foreclosed; subordinate to first mortgages; lien valid for one year from filing unless released or in litigation (Art. V.F.5)

Reserves & fees

Board may establish a Reserve Fund for operating expenses and repair/maintenance of Common Property (Art. V.A)

Pets

Yes, usual household pets permitted; must be kept reasonably confined to not become a nuisance (Art. VIII.E)

Leasing & rentals

Yes, but must be in writing and subject to Declaration; no hotel/transient uses; no leases to roomers or boarders (Art. VIII.J)

Maintenance

Not explicitly stated; part of Owner's maintenance responsibility for improvements on Lot (Art. VI.B)

Insurance

Not explicitly required; only Association insurance requirements stated

Use restrictions

Each Lot shall be occupied and used exclusively for single family residential purposes and purposes customarily incidental to a residence; except corner lots as permitted by D-2 zoning (Art. VIII.A.1)

Voting & meetings

Class A members (improved lot owners) have 1 vote per lot; Class B member (Declarant) has 4 votes per platted lot until conversion (Art. III.A.1 and III.A.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.