Timberleaf HOA

Key facts from Timberleaf HOA's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Timberleaf Homeowner’s Association

Units / lots

At least 33 (based on Dwelling Units 11, 12, 19, 33) (Section 2.17 (exclusive parking except U)

Developer / declarant

Chicago Title and Trust Company, as Trustee under Trust Agreement dated June 5, 1990 and known as Trust No. 1095610

Governing law

Illinois General Not-For-Profit Corporation Act (Section 1.17 (Residential Association fo)

Assessments & dues

Set annually by Board; not fixed in Declaration (Section 6.03 and 6.04)

Special assessments

May be levied by Board for reserves or unanticipated deficit; if aggregate per unit exceeds the greater of $300 or 5 times most recent monthly assessment, requires affirmative vote of 2/3 of total votes (Section 6.06)

Reserves & fees

Not explicitly called late fee; interest accrues from due date at lower of default rate (determined by Board) or highest legal rate in Illinois (Section 6.09)

Pets

Dogs, cats, or other household pets may be kept in Dwelling Units, subject to Board rules; not raised, bred, or maintained for commercial purpose (Section 3.11)

Leasing & rentals

Any Owner may lease all (not less than all) of his Dwelling Unit, provided not for transient purposes (less than 30 days or hotel services) (Section 2.13)

Architectural approval

Yes; plans and specifications must be submitted and approved in writing by 75% of architectural control committee established by Board for any building, fence, shed, wall, structure, garage enclosure, or exterior addition/change (including (Section 3.03)

Use restrictions

Each Dwelling Unit used only as residence for a Family; no industry, business, trade, occupation, or profession, except personal professional library, business records, calls/correspondence (Section 3.06)

Voting & meetings

One vote per Dwelling Unit; cast by Voting Member or proxy (Section 4.04)

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