Helpful Info | sherwoodgreen

Insurance Coverage

The Association’s blanket policy is single entity and covers the structure and betterments meaning the interior - walls, flooring, cabinets, etc. The Association’s blanket policy also includes earthquake coverage however, the earthquake deductible is $2.7 million. Each homeowner will need to carry separate coverage for personal property, personal liability and loss assessment that includes earthquake for $13,000. Please discuss loss assessment with your agent for exact coverage information. The annual insurance premium is billed to the Homeowners each December. The insurance agency is First Insurance Group and the representative is Donna Johnson (812) 331-3230.

Rentals

Renter Verification Form

Are rentals allowed in Sherwood Green? Yes, rentals are allowed under the following conditions:

All leases are must be in writing
All leases can be no less than 11 consecutive months.
Units shall not be leased to more than 3 unrelated adults
All leases must state that the tenants and their guest must abide by the governing documents of the Association and failure to abide by the governing documents of the Association shall constitute a default of the lease.
Both owners and tenants must complete a Rental Verification form and submit it to the Association.
Be in accordance with the rental standards established by HAND (City of Bloomington Housing and Neighborhood Development).

What makes a unit considered a rental? Rental units are defined by the City of Bloomington as “any dwelling unit, rooming house, or rooming unit occupied by a person(s) other than the owner and/or their legal dependent.” Units that meet this definition are required to submit the tenant verification form.

Plantings in the Green

Residents are allowed to plant in the pea gravel area and flower beds adjacent to their units. Here is the list of approved shrubs that can be planted. Approved shrub list.

Financing

Property Transfer Form

Sherwood Green is considered a Planned Unit Development not a condo for financing and finances as a single family residence. This is reflected in the Covenants, Conditions and Restrictions on page 3 Section 10 - PUD.

Is Sherwood Green FHA and VA approved for financing? Yes, Sherwood Green finances as a single family residence therefore it will finance with an FHA or VA loan.

Neighborhood Garage Sale

The annual neighborhood garage sale is held the second Saturday of June each year with a rain date of the third Saturday in June. Individual garage sales are not allowed in Sherwood Green, only the neighborhood sale.