Greystone Vill Ham

Key facts from Greystone Vill Ham's documents

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

Community type

residential community (not a condominium) (Preamble and Article 1, Section 1.6 defi)

Legal name

Greystone Village

Developer / declarant

Coronado Development Corporation

Governing law

Indiana Horizontal Property Law (INP. CODE §32-1-6-1) is referenced to state this is not a condominium; general Indiana not-for-profit corporation law governs Association (Preamble; Article VIII, Section 8.2)

Assessments & dues

Board determines budget at least 45 days before fiscal year; assessment divided equally among all Lots; semi-annual payments (Section 9.3)

Special assessments

(a) For entire membership: requires majority of Class A votes and consent of Class B Member if exists; (b) Individual owner: by Board vote after notice and hearing (Section 9.4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot, perfected by recording notice; lien has priority except taxes and first mortgages; may be enforced by suit, judgment, foreclosure (Section 9.2, 9.5, 9.7)

Reserves & fees

Common Expenses includes 'any reasonable reserve' as determined by Board (Section 1.8, Section 9.3)

Pets

Yes, dogs, cats or other usual household pets (Section 11.6)

Parking & vehicles

Commercial vehicles, vehicles with commercial writing, tractors, mobile homes, trucks over 1 ton, and other specified vehicles prohibited from parking except in garages/designated areas; service/delivery vehicles permitted during daylight f (Section 11.4)

Fences

No chain link fences except those erected by Declarant; all fences must be approved by Committee or Board (Section 11.1)

Architectural approval

Yes; Development Control Committee for original construction; Board for modifications; no construction, exterior alteration, or landscaping without prior written approval (Article X, Sections 10.1, 10.2, 10.3)

Home business

No trade or business conducted from Lot except home business if: (a) not detectable from outside; (b) conforms to zoning; (c) no persons coming onto Property who do not reside there; (d) consistent with residential character and not a nuisa (Section 11.19)

Signs & flags

No signs of any kind without written Board consent, except standard real estate 'for sale' signs (Section 11.3)

Use restrictions

All Lots restricted exclusively to single-family residential use (Section 2.1)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – 1 vote per Lot; Class B (Declarant) – 3 votes per Lot owned, and may appoint majority of Board during Class B Control Period (Section 4.2)

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