Whispering Point Center Condominium

Key facts from Whispering Point Center Condominium's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Whispering Point Center Condominium

Developer / declarant

Residential Development Group, Inc. (Article I(p): "Developer" means Resident)

Governing law

Illinois Condominium Property Act (Article I(a): "Act" means the Condominiu)

Leasing & rentals

Yes, but subject to Board's right of first refusal and notice requirements (Article IX, Section 1)

Insurance

Board may require Unit Owners to obtain insurance covering personal liability and compensatory damages to another unit, including deductible; if owner fails, Board may purchase and charge back (Article VI, Section 7(viii))

Voting & meetings

Each Unit Owner's voting power is according to percentage interest in Common Elements (Exhibit B); Majority means owners of more than 1/2 aggregate interest (Article I(i): "Majority" definition; Art)

Amendments

Board may amend with at least two-thirds Board approval; if no written petition by unit owners within 30 days (per Section 27(b)(3) of Act), amendment becomes effective (WHEREAS: 'approved by at least two-third)

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