Horace Mann Condos Ccrs

Key facts from Horace Mann Condos Ccrs's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Horace Mann Condominiums

Governing law

Indiana Horizontal Property Law, Indiana Code §32-1-6-1 et seq. (Paragraph 1(a), Page 5)

Assessments & dues

Pro rata based on percentage interest in Common Areas and Facilities as set forth in Exhibit C (Paragraph 18, Page 14)

Special assessments

Allowed by Board of Administrators in accordance with By-Laws (Paragraph 18, Page 14; By-Laws Article V)

Collections & liens

Liens for Common Expenses may arise against Units; subordinate to first mortgage; foreclosure same as for Common Expense liens; sale or transfer does not extinguish lien for assessments becoming due after transfer; purchaser at foreclosure (Paragraph 14, Pages 13-14)

Pets

Small dogs, cats, or other usual household pets less than 40 pounds may be kept in Units, subject to rules and no nuisance; pets causing disturbance must be permanently removed upon 3 days' notice (Paragraph 11(e), Page 11)

Leasing & rentals

Yes, but subject to restrictions including maximum of 4 leased Units at any time, waiting list, minimum 6-month term, maximum 1-year term, no subleasing, entire Unit only, and Board approval/notification (Amendment Paragraph 36, Pages 33-35)

Use restrictions

Single-family residential purposes and common recreational purposes auxiliary thereto (Paragraph 11(a), Page 10)

Voting & meetings

Based on percentage interest in Common Areas and Facilities as set forth in Exhibit C (Paragraph 18 and Paragraph 29(a))

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