School 80 Hpr

Key facts from School 80 Hpr's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condo (Horizontal Property Regime with Homeowners Association) (Recitals and Paragraph 12)

Developer / declarant

920 East 62nd Street Corporation (First paragraph of Declaration)

Governing law

Indiana Horizontal Property Law, Acts 1963, Chapter 349, Sections 1 through 31, codified at Indiana Code Sec. 32-1-6-1, et seq. (Recitals)

Special assessments

Permitted; procedure defined in By-Laws Article XI. (By-Laws Section 11.5)

Reserves & fees

Surplus insurance proceeds after reconstruction may be retained as reserve or used for maintenance. (Paragraph 22(e))

Leasing & rentals

Yes, but rental period cannot be less than 180 days (no transient/hotel use). (Paragraph 20(a))

Voting & meetings

Each Condominium Unit has an equal Percentage Interest (one vote per unit). Voting is by owner or proxy. (Paragraph 7; By-Laws Section 3.5(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.