Prairie Lakes

Key facts from Prairie Lakes's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Prairie Lakes Condominium Association, Inc. (Article I definition 2 - 'Association an)

Developer / declarant

Portrait Homes-Prairie Lakes LLC (Article I definition 12 - 'Declarant mea)

Governing law

Indiana Horizontal Property Law (I.C. 32-25-1-1 et seq.) (pursuant to the provisions of the Indian)

Reserves & fees

Replacement reserve fund for capital expenditures and replacement/repair of Common Areas, maintained in separate interest-bearing account (Article XV Section 3(A)(1)(e) - 'a repla)

Pets

Yes, dogs, cats, household pets (Article III Section 2(J) - 'dogs, cats o)

Leasing & rentals

Yes, leasing of a Unit is not considered a trade or business (Article III Section 2(A) - 'the leasing )

Signs & flags

No sign displayed to public view except: (a) approved Common Area signs; (b) one professionally prepared sign in window for sale/rent with Board approval; (c) Declarant signs (Article III Section 2(G) - 'No sign of a)

Use restrictions

Yes, trade or business prohibited except limited home business meeting conditions (Article III Section 2(A) - 'No trade or )

Voting & meetings

Each Unit Owner votes its undivided interest in the Common Areas for each Unit owned in fee simple (Article VII Section 3 - 'Each Unit Owner)

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