Woodfield Estates (IN)

Key facts from Woodfield Estates (IN)'s documents

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

Community type

HOA (homeowners' association with common areas owned by Association, Owners hold fee simple lots) (Section 1.6, Section 3.1, Section 1.12-1)

Legal name

Woodfield Homeowners Association, Inc. (Section 1.6)

Assessments & dues

Board prepares annual budget covering Common Expenses; Base Assessment set to produce total income equal to budget; assessed equally on all Lots. Until Class B Control Period ends, budget set by Board without Owner vote. (Section 8.3, 8.2)

Special assessments

May be levied with affirmative vote of at least two-thirds (2/3) of Total Vote and Class B Member (if exists); also Board may levy special assessment against individual Member for compliance costs (Section 8.4(b)) and additional fees up to (Section 8.4)

Collections & liens

Unpaid assessments (plus interest, costs, attorney fees) constitute a lien on the Lot, prior to all other liens except taxes and first mortgages. Association may foreclose. (Section 8.5, 8.2)

Reserves & fees

Board shall annually prepare reserve budget for replaceable assets; capital contribution set by annual assessment. No dollars allocated until Association is financially self-supporting. (Section 8.6, 8.3)

Pets

Yes (Animals and Pets section, Section 10.5) (Section 10.5)

Leasing & rentals

Not explicitly permitted or prohibited; Owner definition allows lease-term >1 year with filing to Board may treat lessee as Owner (§1.28). No further restrictions in excerpt. (Section 1.28)

Parking & vehicles

Not explicitly stated; possibly restricted under parking or use sections

Fences

Section 10.23 Fences (details not fully extracted); also Landscape Easements may restrict fences (Section 10.23, Section 3.6)

Architectural approval

Yes, for all exterior changes and new construction (Article IX, Sections 9.2, 9.3, 9.9, 9.10)

Setbacks / home size

Not explicitly stated; may be defined on Plat or by county (Section 2.4)

Insurance

Association procures casualty insurance on Common Properties, liability insurance, workers' comp, directors' & officers', fidelity bond, flood insurance if required (Section 6.1)

Use restrictions

All Lots restricted exclusively to single-family residential use (Section 2.1, Section 10.1)

Voting & meetings

Class A: one vote per Lot; Class B (Developer): six votes per Lot owned or maximum lots allowed for unplatted land, during Class B Control Period (Section 4.2)

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