Myron Place

Key facts from Myron Place's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1(c): "Association means Myron P)

Developer / declarant

Broadway & 117, LLC, an Indiana limited liability company (Preamble)

Special assessments

Requires assent of two-thirds (2/3) of each class of Members voting in person or by proxy at a meeting (Section 18(d))

Reserves & fees

At least 10% of Regular Assessment (excluding certain amounts) designated as a replacement reserve fund (Section 18(e): "At least ten percent (10)

Leasing & rentals

Leasing of Dwelling Units is allowed but subject to certain restrictions (e.g., not specified in detail); amendment affecting leasing requires mortgagee consent under Freddie Mac/Fannie Mae provisions (Section 19(f)(ii)(I): "leasing of Dwelli)

Use restrictions

Each Lot and Dwelling Unit shall be used exclusively for single-family residential purposes (Section 22(a): "A single family shall us)

Voting & meetings

Two classes: Class A (each Owner, 1 vote per Lot); Class B (Declarant, 3 votes per Lot until Applicable Date) (Section 10(b))

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