Stone Pointe Homeowners Association, Inc.

Key facts from Stone Pointe Homeowners Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Section 1 – Association definition, Sect)

Governing law

Indiana law (implied) (Section 1 – references to Marion County,)

Assessments & dues

Initial Regular Assessment is $120 per quarterly installment (i.e., $480 per year) (Section 12.3 – 'The initial Regular Asse)

Special assessments

Allowed without Owner approval for unusual or extraordinary expenses; by Board resolution; becomes lien on each lot (except Declarant's lots) (Section 12.4 – 'Board of Directors shall)

Collections & liens

Assessments constitute a lien against the lot; may be foreclosed as mechanic's lien; Association may also sue for money judgment without waiving lien (Section 12.5(A) – 'Regular and special a)

Reserves & fees

Required; included in annual budget; maintained in separate interest-bearing account for capital expenditures and replacement of Common Areas (Section 12.2 – 'establishment and mainte)

Pets

Yes; dogs, cats or other household pets may be kept provided not for commercial purposes (Section 5.5 – 'dogs, cats or other house)

Leasing & rentals

Not explicitly addressed in provided document text

Parking & vehicles

Prohibited overnight (Section 5.10 – 'No vehicles of any kind )

Fences

All fences subject to prior ARC approval; no chain link fences; fencing along Five Points Rd by Developer; hedge/shrub planting height limited to 18 inches between front property line and building setback unless on landscape easement or wit (Section 5.4 – 'All fences shall be subje)

Architectural approval

Yes; for any construction, alteration, plantings, removal, or other improvements (Section 10 – 'Nothing... shall be erecte)

Home business

Not explicitly prohibited but no noxious or offensive activities (Section 5.25); pets not for commercial purposes (Section 5.5) (Section 5.5, 5.25)

Signs & flags

Flag poles are prohibited improvements (Section 5.2 – 'No sheds, awnings, flag p)

Setbacks / home size

Not explicitly stated (references to front property line and building set-back line in Section 5.4)

Maintenance

Not explicitly; owner maintains dwelling exteriors (painting) with Board control (Section 11.2)

Insurance

Casualty (fire and extended coverage) on Common Areas; public liability ($1,000,000 minimum per occurrence); other insurance as needed (e.g., workers' comp, directors & officers) (Sections 14.1, 14.2, 14.3)

Use restrictions

Yes; each numbered lot for single-family dwelling only; no double occupancy dwelling (Section 5.1 – 'Every numbered lot... is )

Voting & meetings

Class A and Class B members; each lot likely one vote (Section 1 – Member definition (Class A 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.