Whispering Woods (IN)

Key facts from Whispering Woods (IN)'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title and Section 1 definiti)

Legal name

Whispering Woods Condominium Association, Inc. (Section 1(d) and By-Laws title)

Developer / declarant

Adams & Marshall Homes, Inc., an Indiana corporation (Declaration opening paragraph)

Governing law

Indiana Condominiums Act, IC 32-25-1-1 et seq. (Section 1(a) and Recitals)

Collections & liens

Unpaid Assessments constitute a lien on the Unit; Association may foreclose lien or use other legal proceedings; lien subordinate to first mortgages (Section 15(A) and 15(C): "All such Asses)

Reserves & fees

Interest at 18% per annum from Delinquency Date until paid; costs and attorneys' fees also bear interest at 18% (Section 15(C): "Assessments shall bear i)

Pets

Dogs, cats or other household pets may be kept, provided not bred or maintained for commercial purpose (Section 12(i): "dogs, cats or other hous)

Leasing & rentals

Leasing permitted but subject to restrictions (Section 12(dd): "No Unit shall be leased)

Parking & vehicles

Disabled vehicles not allowed to remain in open public view (Section 12(q): "Disabled vehicles shall )

Architectural approval

Prior written consent of Board of Directors required for any alterations, additions, or improvements to Common Areas or structural alterations to a Unit; also for fences, awnings, etc. (Section 14 (Alterations) and Section 12()

Home business

Home occupations are not allowed except incidental business conducted elsewhere; home offices in one room that do not receive customers/clients are permitted (Section 12(k): "Except for home offices )

Signs & flags

Not explicitly mentioned; antenna/satellite dish restriction (max 18 inches) - Section 12(u) (Section 12(u))

Maintenance

Roof is part of General Common Areas (Section 5(b): "the foundation, slab, roof, exterior Walls and all other structural elements") - Association responsible (Section 5(b) and Section 13(A))

Insurance

Fire and extended coverage insurance on all Units and Common Areas at full replacement cost; also flood insurance if in flood hazard zone (Section 16(A))

Use restrictions

Units shall be used for residential purposes only (Section 12(a): "Units shall be used for )

Voting & meetings

Presence of members holding 51% of total Votes constitutes a quorum at all meetings (By-Laws Article 2, Section 2.05(e))

Amendments

Amendment requires (1) notice in meeting notice, (2) resolution by Board or 51% of Vote, (3) adoption at meeting with Declarant consent (while owns property) and affirmative vote of 67% of Votes (or higher for certain changes); amendments a (Section 22)

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