Terraces on Mulberry Condo

Key facts from Terraces on Mulberry Condo's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Association (First Amendment recital: 'The Terraces o)

Legal name

The Terraces on Mulberry Condominium Association (First Amendment title and Section 1.01)

Developer / declarant

Arc Real Estate Development, Inc., an Illinois corporation (Section 1.10)

Governing law

Illinois Condominium Property Act (as amended) (Article 4.01: 'submitted to the provisio)

Special assessments

Cost of additions, alterations, improvements to Common Elements may be paid out of special assessment. (Section 4.08(a): 'The cost of any such w)

Use restrictions

Units must be occupied as private dwelling for immediate family; no business purpose; immediate family defined as spouse, child, sibling, or parent. (Amendment Section 12.02(a): 'The Owner o)

Voting & meetings

One vote per Unit; Voting Member may be owner or designee; cumulative voting for board elections; proxies allowed (written, valid 11 months); if Voting Member absent, owner may vote; multiple owners vote by majority agreement. (Sections 5.03(a), 5.03(b), 5.06(a))

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