#Lafayette indiana hoa covenants code

Proxies: Association proxies must adhere to specific requirements. Moreover, the requirement to amend the governing documents can be no higher than 75% of the membership (though it can be lower, if the documents so provide). the association covenants and bylaws) at any time. The HOA Act also provides that the association can charge a reasonable fee for copies and no more than $35 per hour for the time it takes to search for the requested records if the search time exceeds one hour (the first hour must be free).Īmendments to Governing Documents: The HOA Act sets forth that the governing documents of an association MUST permit amendment of the governing documents (i.e. The association does not, however, need to provide records which are more than two years old. checks, bank statements, financial statements, budgets, receipts, and invoices), executed contracts, and meeting minutes. Rights to Inspect Association Documents: The HOA Act provides that owners have a right to inspect certain association records. There are six provisions of the HOA Act that are mandatory to all associations, regardless of formation date. However, the boards of associations formed prior to that date must be aware of which provisions apply to their community, and which provisions are inapplicable. Those associations should simply apply and abide by all portions of the HOA Act, regardless of what their community’s covenants or by-laws provide. Conversely, homeowners associations established before Jare only bound by the entire statute if the members vote to be so bound.įor associations created after June 30, 2009, the answer is simple. All homeowners associations established after Jare bound by the entirety of the HOA Act. Specifically, certain provisions of the HOA Act apply only to associations formed after J(or those associations whose members voted to become subject to the HOA Act in its entirety).

The HOA Act is often the source of confusion, as only certain portions apply to ALL Indiana homeowners associations.Īpplicability depends on the Association’s creation date. The HOA Act is applicable to all non-condominium associations.

#Lafayette indiana hoa covenants code

Indiana homeowners associations are governed by the Indiana Homeowners Associations Act, which can be found at Indiana Code 32-25.5 (the “HOA Act”).