Orchards Brtltt

Key facts from Orchards Brtltt's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Recitals: 'Orchards Of Bartlett Homeowne)

Governing law

Illinois General Not-For-Profit Corporation Act (Recitals: 'incorporate the Association u)

Assessments & dues

Not fixed; determined by Board budget; maximum $30 multiplied by Index Ratio during Initial Development Period per unit per year (Sections 6.02(5), 6.08(b))

Special assessments

May be levied for specific purpose (e.g., alterations, improvements) or to cover unanticipated deficit; requires affirmative vote of at least two-thirds (2/3) of Voting Members casting votes; must be specified in writing; funds segregated f (Section 6.05)

Collections & liens

All Charges constitute a continuing lien on the Dwelling Unit and a personal obligation of the Owner; Association may bring action to recover and foreclose lien; lien subordinated to First Mortgages recorded prior to charge becoming due; tr (Sections 7.01, 7.03, 7.04)

Reserves & fees

Capital Reserve: segregated and maintained for major expenditures on Community Area; Board determines appropriate level based on periodic review of useful life and projected costs; each budget discloses percentage added to Capital Reserve; (Section 6.06)

Pets

Yes, but subject to Board rules; no animal raised, bred or kept in Community Area; Board may adopt rules on number, species, use of Community Area; any pet causing nuisance shall be permanently removed upon three (3) days written notice fro (Section 3.17)

Leasing & rentals

Yes, Owner may lease all (and not less than all) of his Dwelling Unit (Section 3.20)

Architectural approval

Yes, for alterations to Community Area (Board approval); for Dwelling Unit modifications, Board consent required to maintain substantial similarity to original appearance; modifications to party wall require written consent of adjacent Owne (Sections 3.11, 3.12(a), 12.04)

Home business

Not precluded: maintaining personal professional library, keeping personal business records or accounts, handling personal business or professional calls or correspondence (Section 3.14(c))

Maintenance

Owner responsible for roof of Dwelling Unit (Section 3.12(a)(i): 'roof')

Insurance

Association shall obtain fire and all risk coverage on improvements to Community Area for full insurable replacement value; comprehensive public liability insurance; fidelity bonds; may obtain directors and officers liability insurance (Section 4.01)

Use restrictions

Each Dwelling Unit shall be used only as a residence; no industry, business, trade, occupation or profession of any kind shall be conducted (Section 3.14(a) and (c))

Voting & meetings

Prior to Turnover Date all voting rights vested in Declarant; after Turnover Date each Voting Member has one vote; majority of votes present at quorum meeting except as otherwise provided (Section 5.05)

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