Of Condominium HOA

Key facts from Of Condominium HOA's documents

Community type

Condominium

Legal name

The Oakbrook Estate of Chatham Condominiums

Units / lots

Maximum 60 units (plus up to 2 additional units minimum on existing property) (Article VII F)

Developer / declarant

Carriage Homes of Illinois, Inc.

Governing law

Illinois Condominium Property Act, 765 ILCS 605/1 et. seq. (Article X A 1)

Special assessments

Allowed for capital improvements or operating deficits; requires assent of 67% of votes of all classes voting in person or proxy. (Article X D 4)

Reserves & fees

A portion of monthly assessments set aside in a reserve fund for repair and replacement of Common Elements, building exteriors, or capital improvements the Association is required to maintain. (Article X D 3(c))

Pets

Yes, up to two domesticated dogs and/or cats, each not exceeding 60 pounds, not for commercial purposes. Association may further limit by rules. (Article X I 3)

Architectural approval

Any building, fence, wall, structure, exterior addition, change, or alteration (including color change) requires written approval from Board of Directors or architectural control committee. (Article X G 1)

Home business

Permitted only if incidental: resident may keep records and handle matters by phone/correspondence; Association may maintain offices; commercial lots allowed as per zoning. (Article X H 2)

Use restrictions

Units shall be used only for single-family residential purposes, except Declarant's construction/sales rights and Lots 199,200,220,221 (commercial/multiple family per zoning). (Article X I 2)

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