Highland Towers HOA

Key facts from Highland Towers HOA's documents

Community type

Highland Towers Condominium III Association (caption and preamble)

Legal name

Highland Towers Condominium III Association

Units / lots

109 units (PINs 09-15-202-048-1001 through 09-15-202-048-1109) (Exhibit A unit/PIN list)

Developer / declarant

Board of Directors of Highland Towers Condominium III Association (p.4 'Being at least 2/3 of the members o)

Governing law

Section 27(b) of the Illinois Condominium Property Act (p.1 'This Amendment is adopted pursuant )

Collections & liens

All unpaid charges are deemed a lien against the Unit and collectible as any other unpaid regular or special assessment, including late fees and interest (Section 19(k))

Reserves & fees

Reserves are sums paid by Unit Owners which are separately maintained by the Board of Managers for purposes specified by the Board or the Condominium Instruments (Section 1.14)

Leasing & rentals

Yes, subject to restrictions; leasing of Units is restricted to one Unit at any given time as of the effective date (Section 19(a))

Use restrictions

A Unit is designed and intended for a family dwelling (Section 1.9 Unit definition)

Voting & meetings

There is one Voting Member per Unit Ownership, the sole class of membership; the Voting Member may be the Owner, one of the Owners, or a proxy designated in writing, and designation is revocable (Section 5.1)

Amendments

Adopted by at least two-thirds of the Board of Directors; no amendment becomes effective until recorded (p.1 and Section 27(b))

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