Neva Manor Condominium Association

Key facts from Neva Manor Condominium Association's documents

Community type

Condominium (Name: 'NEVA MANOR CONDOMINIUM', page 5)

Legal name

Neva Manor Condominium

Developer / declarant

Parkway Bank and Trust Company, Trustee under Trust Agreement dated November 1, 2004, and known as Trust No. 13900 (Article I, Section 1.10, page 7)

Governing law

Illinois Condominium Property Act (WHEREAS clause, page 5)

Special assessments

Special assessments allowed for capital reserves or supplemental budget; under Section 6.03 (title only, full text not in excerpt) (Article VI heading (title only), page 34)

Reserves & fees

Reserves are sums paid by Unit Owners separately maintained by the Board for purposes specified by Board, Declaration, or Act; a Capital Reserve Supplemental Budget may be established (Section 1.23, page 3; Section 6.02 (titl)

Architectural approval

Prior written consent of Board required for any addition, alteration, or improvement by a Unit Owner to Common Elements or to his unit if it alters the structure or increases insurance cost; Board may impose conditions or require restoratio (Section 4.08(b), page 14)

Voting & meetings

One Voting Member per Unit Ownership; total votes 100; each unit's votes equal to its percentage of ownership in Common Elements (Exhibit C); if 30% or fewer units hold over 50% of votes, specified percentage votes refer to number of units; (Sections 5.03, 5.06(a), pages 15, 18)

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