Normandy Hills Townhomes Association

Key facts from Normandy Hills Townhomes Association's documents

Community type

cooperative townhome ownership (Title and Article I definitions)

Legal name

Normandy Hill Townhome Association

Governing law

General Not For Profit Corporation Act of the State of Illinois (Article X)

Assessments & dues

Board estimates total cash requirement and divides equally among all Units. Notice by December 1st. (Article V(a))

Special assessments

Board may levy further assessment if estimated cash requirement inadequate; becomes effective with monthly payment due more than 10 days after notice. (Article V(b))

Reserves & fees

Board shall build up and maintain a reasonable reserve for contingencies and replacements. (Article V(b))

Pets

Dogs, cats, household pets may be kept, subject to Board rules. No rabbits, livestock, fowl, poultry. No commercial breeding. (Article VI(h))

Leasing & rentals

Prohibited generally. Exception: lease to blood relative (parent or child of Owner). (Article VIII, Section 8.11)

Home business

Permitted if customarily incident to residential use: personal professional library, business records, telephone calls, correspondence. (Article VI(q))

Maintenance

Association responsible for normal maintenance; Owner responsible for replacement cost. (Article IV, Section 4.05)

Insurance

Fire, lightning, extended coverage, vandalism, malicious mischief on Units for full insurable replacement value. Also comprehensive public liability and property damage. (Article III, Section 3.07(b),(c))

Voting & meetings

One voting member per Unit. Voting member may be Owner or designee by proxy. Each Unit entitled to one vote. (Article III, Section 3.03)

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