Sandburg HOA Dick Sc

Key facts from Sandburg HOA Dick Sc's documents

Community type

Condominium (All instruments refer to 'Carl Sandburg )

Governing law

Illinois Condominium Property Act, 765 ILCS 605 (Amended Declaration for No.2, Art.1.01 a)

Assessments & dues

Common expenses (including reserves) are lawfully assessed by the Board. Assessments are based on unit owner's percentage interest in common elements. (Amended Declaration No.2 Art.1.08, Art.3)

Special assessments

Not explicitly mentioned, but Board may assess common expenses which could include special assessments. (Implied from definition of Common Expens)

Collections & liens

Association has a lien on the unit for unpaid assessments or costs. In LCE Hallway modification, if owner does not discharge mechanic's lien, Association may pay and that amount becomes a lien on Unit 3702J. (Amendment No.7, Section 5(h): 'shall be )

Reserves & fees

Common Expenses include reserves, if any, lawfully assessed by the Board. (Amended Declaration No.2 Art.1.08)

Leasing & rentals

Yes, unit owner may lease all of his unit (not less than all). Lease must be in writing. (Fifth Amendment No.3, new Section 7.01(m)

Architectural approval

Yes, for any modifications to common elements or limited common elements, detailed plans and specifications must be submitted and approved in writing by the Association. (Amendment No.7, Section 5(a): 'shall sub)

Maintenance

Association responsible (roof is common element). (Amended Declaration No.2 Art.4.06(a): 'A)

Insurance

Board may pay deductible as common expense, or assess it to responsible unit owner(s) after notice and hearing. (Fifth Amendment No.3, new Section 5.08(j)

Use restrictions

Units are designed for independent use (residential). Commercial Units exist but are designated on Plat. (Amended Declaration No.2 Art.1.26 define)

Voting & meetings

Unit owners vote in proportion to percentage interest in common elements (ownership interest). Majority = more than 50% of aggregate interests. Amendments require vote of owners owning >66 2/3% of interests. (Amended Declaration No.2 Art.1.16; Fifth)

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