The Estates at Ladywood

Key facts from The Estates at Ladywood's documents

Community type

Homeowners Association (The Estates at Ladywood Homeowners Assoc)

Developer / declarant

Oakfield Development II, L.L.C.

Governing law

Indiana Nonprofit Corporation Act of 1991 (Article I, Section 1(a))

Assessments & dues

Initial fee of $250 per single family dwelling (prorated); plus one-time capital assessment of $500 per Lot (Article IX Section 6: 'An initial fee of)

Special assessments

May be imposed by Board with consent of 51% of votes of Members voting in person or by proxy at a meeting called for such purpose (Article IX Section 4: 'any such assessme)

Collections & liens

Unpaid assessments become a lien on the Lot; may be foreclosed as a mortgage; Board may also obtain money judgment and appoint receiver (Article IX Section 5(a))

Reserves & fees

Replacement reserve fund for capital expenditures and replacement/repair of Common Properties; maintained in interest-bearing account (Article IX Section 2: 'replacement reser)

Pets

Dogs are permitted but must be controlled; other pets not mentioned (Article XIII Section 2(a)(i): 'Dogs shal)

Architectural approval

Prior written approval of Architectural Review Board required for any improvements, alterations, repairs, change of colors, excavations, changes in grade, or other work altering exterior; also for any building, fence, wall, Dwelling Unit, o (Article VIII Section 3: 'No improvements)

Signs & flags

Only signs containing resident's name and owner's name and address; no advertising; maximum 5 square feet unless approved by ARC (Article XIII Section 2(a)(iv): 'Each Lot)

Maintenance

Owner responsible for Dwelling Unit interior and exterior and Lot; Association responsible for Common Properties, including snow removal from public streets (Article VI Sections 1 and 2)

Insurance

Association shall purchase comprehensive public liability insurance on Common Properties and casualty insurance on Common Properties (first and extended coverage, agreed amount, inflation guard, full replacement value) (Article XI Sections 1 and 2)

Use restrictions

All Lots shall be used for residential purposes unless designated otherwise on Plat (Article XIII Section 1(a): 'All Lots sha)

Voting & meetings

Class A (Owners) one vote per Lot; Class B (Declarant) until 75% Lots sold; multiple Owners per Lot have one vote collectively (Article IV Section 2)

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