Bentley Place Townhomes Bentley Place Townhome

Key facts from Bentley Place Townhomes Bentley Place Townhome's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned unit development consisting of lots for resubdivision into sublots for townhouses (PAGE 1 - Declarant intends to subdivide )

Legal name

Bentley Place Townhomes Homeowners Association, Inc.

Developer / declarant

Cole Taylor Bank/Zorktown (as Trustee)

Governing law

Laws of the State of Illinois; Illinois not-for-profit corporation (PAGE 1 - create the Bentley Place Homeow)

Assessments & dues

Until November 30, 1989, not exceed $90.00 per Assessable Lot. Thereafter, to be determined by Board by 2/3 vote. (PAGE 10 - regular assessments shall not )

Special assessments

May be levied for capital improvements or unforeseen expenses. Requires adoption of resolution by Board and approval by two-thirds (2/3) vote of the entire Membership of each class. (PAGE 11-12 - special assessments for cap)

Collections & liens

Delinquent assessments constitute a continuing lien and equitable charge running with the land. Association may recover by action at law or foreclose lien. Recovery includes interest, costs, and reasonable attorneys' fees. Enforcement limit (PAGE 13-14 - delinquency shall be a cont)

Reserves & fees

Regular assessments may include a reasonable reserve fund allocated to maintenance, improvement, capital improvements, etc. Allocation requires affirmative vote of two-thirds (2/3) of the Board. (PAGE 11 - any regular assessments may in)

Pets

Dogs, cats and other common household pets allowed, but not exceeding two (2) such household pets per Living Unit. No livestock, poultry or animals. (PAGE 25 - raising, breeding or maintaini)

Leasing & rentals

Yes, but subject to: (a) lease must be in writing; (b) specifically state that lease is subject to Declaration and By-Laws; (c) term of not less than thirty (30) days. Board may issue additional rules. (PAGE 34 - each Owner entitled to lease p)

Parking & vehicles

Conventional passenger vehicles of Owners, tenants, and guests may be parked on Owner's respective driveway. No boat, airplane, trailer, house trailer or motorized recreational vehicle shall be stored permanently or temporarily on any part (PAGE 23 - conventional passenger vehicle)

Architectural approval

Yes. No building, fence, wall or other structure or landscaping shall be commenced, erected or maintained, nor any additions or alterations (except interior) or exterior color changes, until plans and specifications are submitted to and app (PAGE 19 - no building, fence, wall or ot)

Signs & flags

Only allowed signs: (a) Declarant's signs during construction and sale; (b) one 'For Sale' or 'For Rent' sign not more than 3 square feet per Owner on his Sublot; (c) other signs must comply with Village, State or federal ordinances. (PAGE 24 - no signs shall be erected exce)

Maintenance

Association responsible for roofs (paint, repair, replacement, care). (PAGE 21 - paint, repair, replacement and)

Insurance

Each Owner must maintain property insurance on his Living Unit in an amount equal to 100% of the then current replacement cost, with endorsements and conditions as the Board may promulgate. Association named as additional insured. (PAGE 36 - each Owner must maintain prope)

Use restrictions

All Assessable Lots and Living Units shall be used for single family residential purposes only. Declarant reserves right to use for sale and display. (PAGE 22-23 - all Assessable Lots and Liv)

Voting & meetings

Class A Members: one vote per Sublot owned (co-owners joint vote). Class B Members (Declarant): three votes per Sublot owned, four votes per Lot in Real Estate. Class B terminates when Class A votes equal 75% of total or 5 years from date h (PAGE 7 - Class A Members entitled to one)

Amendments

General amendment: requires written instrument executed by (i) not less than 67% of total allocated votes, and (ii) not less than 51% of Eligible Mortgagees. Amendments affecting Village's rights require Village approval. Dissolution/termin (PAGE 31-33 - Section 11.7 - Amendments; )

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