Aspen Place HOA

Key facts from Aspen Place HOA's documents

Community type

Covenant / Planned Community

Legal name

Aspen Place Homeowners Association (Section 1.01)

Developer / declarant

Aspen Place, L.L.C. (Declaration opening paragraph)

Governing law

Illinois General Not-For-Profit Corporation Act (Recitals)

Special assessments

After Turnover Date, Board may levy special assessment with affirmative vote of two-thirds of votes cast; notice must state specific purpose; proceeds must be segregated (Section 6.05)

Reserves & fees

Board may add reasonable late fee to any installment of assessment not paid within 30 days of due date (Section 7.03)

Pets

No animal raised, bred or kept in Community Area; pets may be kept in Home subject to Board rules; pet causing nuisance or unreasonable disturbance shall be permanently removed upon 3 days written notice from Board (Section 8.07)

Parking & vehicles

No boats, trucks, recreational vehicles, trailers, commercial vehicles or similar parked/stored on Premises (other than garage) for more than 24 hours and only once every 7 days; no vehicle repairs except emergencies and within garage; Gues (Section 8.05)

Signs & flags

No 'For Sale' or 'For Rent' signs or advertising on Community Area or Home Exterior except as permitted by Board or under Article Nine (Section 8.01)

Insurance

Each Owner must obtain own insurance on contents and personal liability not covered by master policy; Owner responsible for insuring betterments or improvements; Board not obligated to apply insurance proceeds to restore betterments (Section 4.04)

Use restrictions

Each Home shall be used only as a residence; no industry, business, trade, occupation or profession conducted from Home, except personal library, records, or calls/correspondence (Section 8.04)

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