Woodfield (IN)

Key facts from Woodfield (IN)'s documents

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

Legal name

Woodfield Homeowners Association, Inc. (Section 1.6, Section 1.5)

Assessments & dues

Not fixed; set annually by Board based on budget covering Common Expenses (including reserves). (Section 8.2, Section 8.3)

Special assessments

Requires affirmative vote or written consent of at least two-thirds (2/3) of Total Vote and Class B Member (if exists). Individual special assessments for violations allowed after notice and cure period. (Section 8.4(a), Section 8.4(b), Section )

Collections & liens

Unpaid assessments create a lien superior to all except taxes and first mortgages; enforceable by foreclosure. (Section 8.5)

Reserves & fees

Required in budget; no allocation until Association is financially self-supporting. Board annually prepares reserve budget for replaceable assets. (Section 8.3(x), Section 8.6)

Pets

Regulated under Section 10.5 'Animals and Pets'. (Table of Contents)

Leasing & rentals

Not specifically addressed in provided text (no section title). (N/A)

Parking & vehicles

Regulated under Section 10.4 'Parking and Prohibited Vehicles'. (Table of Contents)

Fences

Regulated under Section 10.2 'Exterior Appearance and Fences' and Section 10.26 'Fences'. (Table of Contents)

Home business

Prohibited. Section 10.22 addresses Business Uses. (Table of Contents (Article X, Section 10)

Signs & flags

Regulated under Section 10.3 'Signs'. (Table of Contents)

Insurance

Owner must carry all-risk casualty insurance on Lot and structures; Board may require copies. (Section 6.2)

Use restrictions

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

Voting & meetings

Class A: one vote per Lot. Class B (Developer): six votes per Lot owned (or per max lots for unplatted land). (Section 4.2(a), Section 4.2(b))

Amendments

Article 12.3; Developer's consent required for so long as Developer owns any portion or holds option to submit Additional Property. (Section 2.6, Article XII)

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