Killarney Hill at Murphys Landing All

Key facts from Killarney Hill at Murphys Landing All's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision; homeowner association (HOA) named Murphy's Landing Homeowners Association, Inc. (Section 1(i): 'Corporation’ also known a)

Units / lots

88 (Killarney Hill Section 1: 40 lots; Shannon Lakes Section 1: 48 lots) (Paragraph 3: 'Killarney Hill Section 1 c)

Governing law

Indiana law (implied), no specific statute cited (County and state references throughout; )

Assessments & dues

Initially guaranteed not to exceed $100 per Lot per year (Guaranteed Charge). After first year, may increase by up to 10% annually as determined by Board. (Paragraph 15(e): 'DECLARANT guarantees t)

Special assessments

Permitted for unusual or extraordinary expenses; requires assent of two-thirds (2/3) of votes of each class of members (Class A and B) at a meeting duly called. Declarant cannot vote as proxy for Owners on this matter. (Paragraph 16: 'provided that any such as)

Collections & liens

Yes; any unpaid Regular or Special Assessment creates a lien on the Lot. May be foreclosed as a mortgage on real property. Lien is subordinate to first mortgage. (Paragraph 16(f): 'the lien for such asse)

Reserves & fees

Optional; annual budget may include a replacement reserve fund for capital expenditures and replacement of Common Areas/Common Expense Areas. Must be held in separate interest-bearing account. (Paragraph 15(a): 'The annual budget may )

Pets

Yes; pet dogs, cats, or customary household pets allowed in a Dwelling Unit, provided not kept for commercial purposes and do not create a nuisance. Owner liable for injury/damage. Board may adopt additional rules. (Paragraph 19(e): 'pet dogs, cats or cust)

Leasing & rentals

Yes, but not for transient or hotel purposes. Written lease must subject lessee to Declaration. Entire Dwelling Unit must be leased. (Paragraph 19(n): 'No Owner may rent or l)

Architectural approval

Yes; no improvements, alterations, buildings, fences, walls, etc. without prior written approval of Architectural Review Board. (Paragraph 14(c): 'No improvements, alter)

Home business

Prohibited: 'No industry, trade, or other commercial or religious activity ... designed for profit, altruism or otherwise, shall be conducted, practiced or permitted on the TRACT.' (Paragraph 19(i))

Maintenance

Association responsible for maintenance, repair, replacement and upkeep of Common Areas and Common Expense Areas. Each Owner responsible for maintaining his Lot and improvements in good, clean and sanitary condition. (Paragraph 13: 'Maintenance, repairs, rep)

Insurance

Association shall purchase master casualty insurance on improvements within Common Areas and Common Expense Areas at full replacement value, and comprehensive public liability insurance of at least $1,000,000 for bodily injury and property (Paragraph 17(a): 'Corporation shall purc)

Use restrictions

Yes; all Dwelling Units for residential purposes only. (Paragraph 19(a): 'All Dwelling Units sha)

Voting & meetings

Two classes: Class A - each Owner of a Lot has one vote per Lot; Class B - Declarant has four (4) votes per Lot owned (including preliminary lots). Class B ends on Applicable Date. (Paragraph 8(b)(i) and (ii))

Amendments

Generally by majority vote of Owners. Certain special amendments (changing assessment shares, insurance provisions, etc.) require unanimous approval of all Owners and all Mortgagees. Declarant may amend unilaterally to comply with requireme (Paragraph 20(a): 'adopted by ... majorit)

Amenities

Lakes (detention/retention), meandering pedestrian path along lakes, esplanade (open space, wooden deck, wooded commons), perimeter landscape blocks, entranceway walls and landscaping, landscape islands, landscape buffers. All are Common Ar (Item 1g description: 'Lakes ... provide )

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