Grant Park (IN)

Key facts from Grant Park (IN)'s documents

Community type

Condominium (Throughout document, e.g., definition 8:)

Developer / declarant

Portrait Homes-Grant Park LLC, a limited liability company formed under the laws of the State of Illinois (Definition 12: 'Declarant means Portrait)

Governing law

Indiana Condominium Act (Indiana Horizontal Property Law, I.C. 32-25-1-1 et seq. as amended) (Definition 9: 'Condominium Act means the)

Assessments & dues

Set annually by Board based on estimated Common Expenses, prorated among units by undivided interest (Article XV, Section 3(A)(1)-(2): 'The Bo)

Special assessments

Authorized for capital improvements and other purposes as provided in the Declaration (Article XV, Section 1: 'special assessme)

Reserves & fees

Required for capital expenditures and replacement of Common Areas; must be maintained in a separate interest-bearing account (Article XV, Section 3(A)(1)(e): 'a repla)

Pets

Yes, but only household domestic pets not bred for commercial purposes; subject to Board rules (Article III, Section (J) (second paragra)

Leasing & rentals

Yes, leasing is not considered a trade or business (Article III, Section (A): 'the leasing o)

Parking & vehicles

Not permitted on the Condominium Property except within enclosed garages (Article III, Section (F): 'Stored vehicl)

Architectural approval

Yes, for any fence, wall, sign, structure, exterior addition, or alteration (Article III, Section (L): 'no fence, wal)

Home business

Prohibited generally (trade or business), but leasing of Unit is not considered trade or business. Declarant's sales and construction activities exempted. (Article III, Section (A): 'trade or busi)

Maintenance

Association is responsible as part of Common Area (Buildings are Common Area) (Article VI, Section 1: 'All of the Condo)

Insurance

Not greater than $10,000 or 1% of face amount of policy, whichever is applicable (Article XI, Section 1: 'with a deductibl)

Voting & meetings

Each Unit Owner votes its undivided interest in the Common Areas; proportionate part for fractional ownership; any owner of a fee simple interest may cast the entire vote for that Unit (Article VII, Section 3: 'Each Unit Owner)

Amendments

Not clearly stated in extracted text; likely requires specified percentage of Unit Owners and/or Eligible Holders of First Mortgage Liens as per Condominium Act (Not explicitly found; possibly in later )

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