Deerfield Common Areas HOA

Key facts from Deerfield Common Areas HOA's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (not a condominium; explicitly states it is not a declaration of condominium) (Page 3 (WHEREAS): "This instrument is no)

Legal name

Deerfield Homes Association (Page 1 (WHEREAS) and Article I Section 1)

Developer / declarant

Oak Park Subdivision Corp., an Illinois corporation, and IAA Trust Company, Trustee under Trust Nos. P1158 and P1159 (Page 1)

Governing law

Illinois Condominium Property Act (765 ILCS 605/1 et seq.) and Illinois Condominium and Common Interest Community Risk Pooling Trust Act (765 ILCS 605/12.1 et seq.) (Page 3 (WHEREAS) and Page 10, Article II)

Assessments & dues

Association prepares annual budget; assessment allocated to each Owner by a fraction (Owner's votes / total votes of all Owners). Paid semi-annually on Jan 1 and Jul 1, due within 30 days. (Article II Section D(2) and D(3))

Special assessments

For capital improvements requires assent of 2/3 of votes of members voting in person or by proxy at a meeting. No assent required for funds borrowed for maintaining the Drainage Area to drain water in original design. (Article II Section D(4))

Collections & liens

Assessments are a continuing lien on the property and a personal obligation of the owner at time due. Association may bring action at law or foreclose lien. Lien subordinate to first mortgages. Foreclosure extinguishes lien for pre-sale ass (Article II Section D(1), D(6), D(7))

Pets

House pets allowed on building sites; no animals or poultry other than house pets. Common Area prohibits any animals or poultry. (Article III Section B(16) and Article II)

Leasing & rentals

Implied allowed; tenants are referenced in delegation of common area use and parking restrictions (Article II Section A(2) and Article III )

Architectural approval

Committee must approve or disapprove within 30 days; if no approval and no suit commenced within 30 days after construction begins or before completion (whichever longer), approval deemed given. (Article III Section B(2))

Signs & flags

Only one sign not exceeding 5 sq ft advertising property for sale or rent, or signs used by builder during construction and sales period (Article III Section B(15))

Use restrictions

Building sites may be used only for single family or duplex residential purposes. No trade or business (except as allowed by other provisions). (Article III Section B(1) and B(22))

Voting & meetings

Private Unit Owners: 1 vote per unit; Apartment Unit Owners: 1 vote; Undeveloped Unit Owners: 1 vote per 12,000 sq ft of land or fraction thereof. When more than one owner holds a Unit, votes exercised as they determine but never more than (Article II Section 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.