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Download the Springmill Crossing Property Owners Association Code of Bylaws.
Download the Springmill Crossing Property Owners Association Declaration of Restrictions.
Download the Springmill Crossing Property Owners Association Architectural Guidelines.
The Springmill Crossing POA Board received more than the 51% majority votes needed to amend the neighborhood Declaration of Restrictions to include rental restrictions. The ultimate goal of this change is to prevent institutional investors from purchasing homes and immediately putting them up for rent, while allowing safeguards for long-term residents to rent their home when needed.
Rental Restrictions Amendments Explanation Summary:
There is now a “cooling off period” of three years for new homeowners before they have the ability to rent out their home. This does not apply to family members related by blood, marriage, adoption, foster care, or guardianship.
However, there is a hardship exemption process for those needing to rent prior to conclusion of the three-year cooling off period, requiring submission to the POA Board of Directors in writing, with decision to approve conducted by the Board. Those potential situations are:
• Temporary relocation outside of 50 miles due to work
• Relocation due to physical or mental infirmity or disability
• Death, dissolution, or liquidation of an owner
• Call into active duty
Post cooling off period, the following rules apply for ordinary leases/rentals:
• Not to be shorter than one year in term, without Board written approval
• No six-month rentals, Airbnb, VRBO, etc.
• Copy of lease, with renter identified, should be provided to the POA board within 30 days post execution. Rent amount and Social Security numbers may be excluded
• No sub-leasing is permitted
• Governing documents must be provided to tenant prior to execution of rental agreement.
• Homeowner is still responsible/liable for ensuring bylaws, etc. are adhered to
On December 19, 2024, the amendment was filed with the County Recorder. If you request a recorded copy of the amendment, we will be happy to provide it. Also, the recorded copy has been posted below.
Please note that those owners who are currently renting their properties and had leases in place when the leasing amendment was recorded will be grandfathered from the 3-year waiting period. However, to preserve that grandfathered status, all current landlords must submit copies of their current leases to our Association’s Board of Directors at the following address:
Springmill Crossing Property Owners Association
P.O. Box 421
Carmel, IN 46082-0421
Leases must be received no later than 60 days from the date when the amendment was recorded. Please also note that all landlords are obligated to keep a current lease and occupancy information on file with the Association at all times. Failure to do so will be deemed a violation of the covenants.
Our Association’s Board of Directors believes the new rental restrictions will be a vital means of preserving the long-term health of our community. We appreciate your cooperation in complying with the new requirements. If you have any questions, please contact the board.
On December 19, 2024, this amendment was filed with the County Recorder. It is now part of our Declaration of Covenants, adding new rental restrictions, including a 3-year waiting period and a ban on short-term rentals.
Springmill Crossing Rental Restrictions Amendment (pdf)
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