Holy Cross Commons Hpr

Key facts from Holy Cross Commons Hpr's documents

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

Community type

Horizontal Property Regime (condominium) (Paragraph 2, page 4)

Legal name

Holy Cross Commons

Units / lots

Maximum: 6 Condominium Units and 6 Garage Units; initially 6 Condominium Units and 6 Garage Units (Paragraph 16(a), page 17; Paragraph 3, p)

Developer / declarant

The Re-development Group Inc., an Indiana corporation (Preamble, page 1)

Governing law

Horizontal Property Law of the State of Indiana, Indiana Code 32-156-1, et seq. (the 'Act') (Paragraph 1 definition of 'Act', page 1)

Assessments & dues

As prescribed in Article VI of the By-Laws (Paragraph 20, pages 21-22)

Collections & liens

Assessments constitute a lien from time of assessment as provided in the Declaration and the Act (Paragraph 10(b), page 8; Paragraph 20, p)

Reserves & fees

Maintenance and replacement reserve fund for Holy Cross Commons (Paragraph 20, page 21)

Leasing & rentals

Yes, but lease must be in writing and for initial period of at least six months (Paragraph 21(a), page 22)

Use restrictions

Each Condominium Unit is limited to residential use (Paragraph 13, page 13)

Voting & meetings

Each Condominium Unit has equal Percentage Vote (1/6 initially); Percentage Vote equals Percentage Interest (Paragraph 8, pages 6-7; Paragraph 4 and )

Amendments

Generally requires Majority of Owners vote; certain provisions require Constitutional Majority (67%) plus approval of 75% of first mortgagees; Declarant may unilaterally amend for specified purposes (conform to Act, implement expansion, com (Paragraph 14, pages 14-16)

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