Austin Courts Condominium Association

Key facts from Austin Courts Condominium Association's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Austin Courts Condominium Association

Units / lots

42 (Units 602 A-F, 606 A-F, 610 A-F, 614 A-F, 618 A-F, 622 A-F, 626 A-F) (Exhibit B (pages 21-23))

Developer / declarant

Northwest National Bank of Chicago, as Trustee under Trust Agreement dated July 3, 1974, Trust Number 1974 (Preamble)

Governing law

Condominium Property Act of the State of Illinois (Paragraph 1(a))

Assessments & dues

Proportionate share of common expenses based on percentage interest; amounts determined as per By-laws (Paragraph 10)

Reserves & fees

Initial deposit for reserve for contingencies and replacements (working capital fee). Also By-laws Article III Section 2 (implied). (First Amendment paragraph 8)

Pets

Dogs, cats, or other household pets may be kept, subject to Board rules. No commercial breeding. Nuisance pets must be removed upon notice. (Paragraph 18(e))

Maintenance

Owner responsible for maintenance, repairs, replacements within own Unit. Board responsible for Common Elements. Limited Common Elements may be assessed to owners benefited. Board may direct owners to arrange maintenance of Limited Common E (Paragraph 14)

Use restrictions

Each unit used as residence for a single family; no other uses. (Paragraph 18(a))

Voting & meetings

Based on percentage of undivided ownership in Common Elements; Majority = owners of more than 50% in aggregate interest (Paragraph 1(j))

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