Preserve at Sugar Creek

Key facts from Preserve at Sugar Creek's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Article I: Association shall mean The Pr)

Developer / declarant

The Preserve at Sugar Creek Development, LLC (First paragraph of Declaration)

Governing law

Indiana law implied by jurisdiction and references to State of Indiana in foreclosure. (Section 9.9: foreclosed in the same mann)

Assessments & dues

Initial Regular Assessment: $2,400 per year for Duplex or Quad Unit; $2,760 per year for Detached Dwelling Unit (or $200/month for Quad/Duplex, $230/month for Detached). (Section 9.2(A) and 9.5(A))

Special assessments

Allowed by Board for enforcement, legal expenses, capital improvements, operating deficits, or charges for Limited Areas or special services. (Section 9.4)

Collections & liens

All Assessments (with interest, attorneys fees, costs) are a continuing lien on the Lot and may be foreclosed like a mortgage. Lien is subordinate to first mortgage. (Sections 9.8, 9.9, 9.11)

Reserves & fees

Required; must be separately maintained in an FDIC insured account for capital expenditures and replacement of Areas and Reserve Component. (Section 9.2(B))

Pets

Yes, dogs, cats, or other household pets may be kept provided not for commercial purposes. (Section 5.12)

Leasing & rentals

Yes, with restrictions. (Section 5.40)

Parking & vehicles

Parking permitted in garage, Limited Areas in front of garage, clubhouse parking area, or side drive without blocking access. No overnight parking of trucks >3/4 ton, campers, motor homes, travel trailers, boats, commercial vehicles with ad (Section 5.35)

Fences

All fences must be approved as to size, location, height and composition. Permitted materials: wooden (including Decorative Wood, Rustic Rail 6" minimum or Split Rail), decorative PVC, ornamental iron or decorative metal. Non-reflective or (Section 5.9)

Architectural approval

Yes, Architectural Control Committee approval required for any construction, improvement, landscaping, fences, decks, etc. (Sections 6.1, 6.8)

Home business

Permitted only if entirely within Dwelling Unit, no exterior evidence, no employees except resident family, no commodity sales, no manufacturing. Child day care, barber shops, animal hospitals etc. specifically prohibited. (Section 5.31)

Maintenance

Owner responsible for roof shingles, flashing, gutters, downspouts (item 10). (Section 8.6 maintenance table item 10)

Use restrictions

Lots may be used only for single-family residential purposes; only one Dwelling Unit per Lot. (Sections 2.1, 5.1)

Voting & meetings

Class A members (all Owners except Declarant) have one vote per Lot; Class B member (Declarant) has votes equal to all Class A votes plus 100 additional until termination of Class B membership. (Section 8.3)

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