The Shelton Condominiums Association, Inc.

Key facts from The Shelton Condominiums Association, Inc.'s documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Shelton Development Group, LLC, an Indiana limited liability company (Recital A)

Governing law

Indiana Condominium Law, I.C. 32-25-1-1 (Recitals, lines 1-2)

Special assessments

May be levied for capital improvements or for costs caused by a Unit owner's failure to maintain (Article XIII, Section 2 and Article IX, )

Reserves & fees

Permitted as part of Common Expenses (Definition 7: 'including reserves, if an)

Pets

Yes, household domestic pets not bred for commercial purposes (Article III, Section 2(k))

Leasing & rentals

Initial term no less than 6 months unless Board consents (Article III, Section 2(g))

Insurance

Not greater than lesser of $5,000 or 1% of face amount (Article XI, Section 1)

Voting & meetings

Each Unit owner votes its undivided interest in the Common Areas for each Unit owned (Article VII, Section 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.