Southgate Manors HOA

Key facts from Southgate Manors HOA's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome Association (HOA) – formally named Southgate Townhome Association (1.01 ASSOCIATION OR TOWNHOME ASSOCIATION)

Developer / declarant

The Southgate Manors, Ltd., an Illinois limited partnership (1.09 DECLARANT)

Governing law

Illinois General Not-For-Profit Corporation Act (association formed under) (Preamble (paragraph after definitions): )

Special assessments

Allowed after Turnover Date with affirmative vote of Voting Members representing at least two-thirds (2/3) of votes cast; notice must state specific purpose and reasons (6.05 SPECIAL ASSESSMENT)

Reserves & fees

Capital Reserve maintained for capital expenditures on Common Area and Home Exteriors; level determined by Board; may be funded through separate or special assessments or Common Assessment (6.06 CAPITAL RESERVE)

Pets

Subject to rules and restrictions (heading only, details not available in excerpt) (8.07 PETS (heading only))

Leasing & rentals

Yes, Owner may lease all (not less than all) of Home subject to conditions (2.15 LEASE OF HOME)

Home business

Prohibited (implied by prohibition of any business, trade, occupation or profession) (8.01)

Signs & flags

"For Sale" or "For Rent" signs and other advertising prohibited on Common Area or Home Exterior, unless permitted by Board or under Article Nine (8.01)

Insurance

Each Owner must obtain insurance on contents of their Home and personal liability insurance (4.04 OWNER'S RESPONSIBILITY)

Amendments

Article Ten includes special amendments (10.01) and general amendments (10.02); exact vote requirements not fully shown but appear to require supermajority (2/3 or more) – text truncated (Article TEN (headings only, text not ful)

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