The 757 Mass Ave Condo

Key facts from The 757 Mass Ave Condo's documents

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

Legal name

The 757 Mass Ave Condominium Association, Inc. (Section 2.2)

Developer / declarant

Mass Avenue Developers, LLC, an Indiana limited liability company (Preliminary Recitals (first WHEREAS))

Governing law

Horizontal Property Law of the State of Indiana, Indiana Code §32-25-1 et seq. (Section 2.1)

Reserves & fees

Replacement Reserve Fund exists (details in By-Laws); Declarant begins contributions first payment due 2007 for unsold units (Section 7.3)

Use restrictions

Covenants and restrictions set forth in By-Laws; residential units limited to residential use; commercial units limited to commercial uses described, subject to right to convert to residential uses (Section 9.1)

Voting & meetings

Percentage Vote equals Percentage Interest, one vote per unit (co-owners of same unit share one vote) (Section 2.17; Section 1.4)

Amendments

Requires approval by not less than two-thirds (2/3) of aggregate Percentage Vote; notice must be included in meeting notice; recorded in Marion County to become effective; certain provisions (e.g., Percentage Interest change) require 100% a (Section 11.1, 11.2, 11.3)

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