Eagle Point Homeowners Association

Key facts from Eagle Point Homeowners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, 'Act', page 7; Article I, 'Co)

Legal name

Eagle Point of Niles Condominium Association II

Governing law

Illinois Condominium Property Act (765 ILCS 605/27) (Preamble, page 1; Article I, 'Act', page)

Assessments & dues

Not fixed; determined by Board based on estimated annual budget (Article XVI, 16.01). (Article XVI, 16.01, page 30)

Special assessments

Permitted; for acquisition of Unit under Article IX may levy assessment (9.08); for disaster recovery (Article X). (Article IX, 9.08(a); Article X)

Collections & liens

Failure to pay common expenses creates a lien on the Unit; Board may record notice of lien. (Article V, 5.01, page 6; Article IX, 9.0)

Reserves & fees

Board shall maintain reserves (Article XVI, 16.02); defined in Article I as 'Reserves' sums separately maintained by Board for specified purposes. (Article I, page 8; Article XVI, 16.02)

Pets

Not explicitly stated, but Article XVII includes 17.07 'Pets' suggesting regulation; no details in provided text. (Article XVII, 17.07 (title))

Leasing & rentals

Leasing of Units is prohibited except for leases in existence as of September 3, 2004, which continue for their remainder but cannot be extended or renewed. (Article IX, 9.01, page 14)

Parking & vehicles

Not specifically restricted, but recreational vehicles/trailers/mobile homes prohibited; general prohibition on commercial use may apply. (Article IV, 4.06; Article IX, use restri)

Architectural approval

Alterations, additions or improvements to Common Elements require prior written Board approval; alterations within Unit do not require approval but owner responsible for damage. (Article VIII, 8.02, page 13)

Home business

Prohibited generally by 'residential use only' and commercial activities prohibition (Article XVII, 17.11). (Article IX; Article XVII, 17.11)

Signs & flags

Rule for 'For Sale' and 'For Rent' signs (Article XVII, 17.12). (Article XVII, 17.12)

Maintenance

Roof is part of Common Elements (Article III, 3.01), thus Board responsibility. (Article III, 3.01, page 4)

Insurance

Board may pay deductible as common expense, assess against Unit Owner who caused damage, or require affected Unit Owner to pay. (Article VI, 6.09(f))

Use restrictions

Units shall be occupied and used as private dwellings, not for business, speculative or investment purposes. (Article IX, preamble, page 14)

Voting & meetings

Each Unit ownership has one voting member; votes allocated based on percentage of ownership in Common Elements (total 100 votes); proxies allowed for 11 months unless otherwise stated. (Article XIV, 14.02, pages 20-21)

Amendments

Declaration may be amended as per Act; Article XIX, 19.06 provides for amendment, but specific procedure not detailed in provided text; references to consent of all Unit Owners for changing percentage of ownership (3.02). (Article XIX, 19.06; Article III, 3.02)

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