Holiday Addition

Key facts from Holiday Addition's documents

Community type

Condominium (Horizontal Property Regime) as of 1992 (Preamble)

Units / lots

9 (Section One) + 5 (Section Three) = 14 units; maximum 58 units total as of 1992 (Paragraph 3 (Section One); Second Supple)

Developer / declarant

Holiday Homes Corporation, an Indiana corporation as of 1992 (Preamble)

Governing law

Horizontal Property Act of the State of Indiana, Acts 1963, Chapter 349, Sections 1 through 31, as amended as of 1992 (Paragraph 1(A))

Assessments & dues

Initially $ per unit (blank), to be fixed by Board of Directors not exceeding maximum. as of 1982 (Declaration Article IV Section 3)

Special assessments

May be levied for capital improvements with assent of 2/3 of each class voting in person or by proxy. as of 1982 (Declaration Article IV Section 4)

Collections & liens

Monthly assessments are a lien on each dwelling unit; Association may place a lien and foreclose for nonpayment as of 1992 (Paragraph 22; Paragraph 30)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair and replacement of improvements to common areas, funded from annual assessments. as of 1982 (Declaration Article IV Section 10(a))

Leasing & rentals

Yes; owner may delegate use of Common Area to lessees and contract purchasers; voting rights may be assigned to lessee with copy of lease to Secretary. as of 1982 (Declaration Article II Section 5; Articl)

Fences

Fences within D. & S. easement are subject to removal by utility without reimbursement as of 1992 (Paragraph 33)

Architectural approval

No owner shall make alterations or additions to common or limited areas without prior written approval of Board of Managers as of 1992 (Paragraph 15)

Solar & roof

Board of Managers has exclusive right to determine exterior decor including color and paint as of 1992 (Paragraph 14)

Setbacks / home size

No building nearer than 25 feet to front lot line; side and street setbacks? Not clear. Also no building nearer than 20 feet from intersection? (Indiana restrictions) as of 1982 (DOC 166572, page 2: 'no building... near)

Maintenance

Association (as part of exterior) as of 1992 (Paragraph 14)

Insurance

Master casualty policy for fire and extended coverage in amount equal to full replacement cost of improvements comprising common areas; master liability policy as of 1992 (Paragraph 19(B))

Use restrictions

Declarant reserves right to maintain residential character as of 1992 (Paragraph 21)

Voting & meetings

Each owner has one vote per dwelling unit; percentage vote equals percentage interest as of 1992 (Paragraph 8)

Amendments

Amendments proposed by Board or owners of at least majority of percentage vote; adopted by vote of not less than majority of percentage vote; certain changes require approval of all co-owners or Declarant; recorded in Hendricks County as of 1992 (Paragraph 24)

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