The Fountains (IN)

Key facts from The Fountains (IN)'s documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Community — attached dwellings with party walls and common area (Definitions: Unit, Lot, Common Area; par)

Units / lots

not explicitly stated; parking count implies 40 dwelling units (First Amendment, Article III, Section 4:)

Assessments & dues

$936.00 per lot per year from first conveyance until December 31, 1982 (First Amendment, Article X, Section 6(a))

Special assessments

Board may levy special assessments without owner approval for capital expenditures, repairs, etc. (First Amendment, Article X, Section 4)

Collections & liens

Assessments constitute a lien on the Lot; may be foreclosed like a mortgage; personal obligation of owner (First Amendment, Article X, Section 5(a))

Reserves & fees

Required; annual budget must include a replacement reserve fund for capital expenditures and major repairs of Common Area and exterior of units (First Amendment, Article X, Section 2 (p)

Pets

Dogs, cats or other household pets may be kept if not for commercial purposes (Original Declaration, Article VIII, Sect)

Leasing & rentals

Owner may delegate right to use Common Area to tenants; no specific prohibition on leasing the unit itself (Original Declaration, Article II, Sectio)

Fences

Subject to ARC approval; Association responsible for painting/staining exterior of patio fences, interior unless Board directs (First Amendment, Article VII, Section 1 )

Architectural approval

Yes; Architectural Review Board must approve all improvements, alterations, repairs, colors, changes in grade (First Amendment, Article VIII, Section 3)

Home business

Prohibited; only exception for declarant during sales period and Association functions (Original Declaration, Article VIII, Sect)

Maintenance

Association provides exterior maintenance (roofs, gutters, downspouts, exterior surfaces, painting of exterior doors, staining of patio fences except interior). Owner maintains all else, including interior, glass, screens, doors, hardware, (First Amendment, Article VII, Section 1)

Insurance

Association shall purchase master casualty insurance (fire, extended coverage, all‑risk if available) for all dwelling units and Common Area at full replacement value (First Amendment, Article XII, Section 1)

Use restrictions

Yes; no business activities of any kind shall be conducted on any Lot (Original Declaration, Article VIII, Sect)

Voting & meetings

Class A (owners except declarant): 1 vote per lot; Class B (declarant): 3 votes per lot until Class A total equals or exceeds Class B or April 1, 1987, then Class B converts to Class A (First Amendment, Article IV, Section 2)

Amendments

By instrument signed by not less than two‑thirds (2/3) of Lot Owners; must be recorded (Original Declaration, Article X, Section)

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