Plaisance II HOA

Key facts from Plaisance II HOA's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Plaisance Place II Homeowner's Association (Sec. 1(b); Exhibit B (Articles of Incorp)

Developer / declarant

Renaissance-Thrush Joint Venture, an Illinois general partnership (Opening paragraph)

Governing law

Illinois General Not For Profit Corporation Act of 1986 (Exhibit C (Bylaws) Sec. 7(l); Exhibit B )

Assessments & dues

Set by Board each year; each Home Owner pays 1/12 of allocated portion of Aggregate Annual Assessment monthly. (Exhibit C (Bylaws) Sec. 10(c))

Special assessments

Board may levy special assessments for repairs/replacements not in annual budget, and for additional improvements or facilities up to $5,000 aggregate per year without Home Owner vote; expenditures exceeding $5,000 require majority approval (Exhibit C (Bylaws) Sec. 10(d))

Collections & liens

Unpaid assessments (with interest, late fees, costs) constitute a continuing lien on the Home, subordinate to prior recorded first mortgage. Foreclosure available; purchaser at foreclosure sale must pay proportionate share of common expense (Declaration Sec. 9 (assessments), Sec. 1)

Reserves & fees

Board may establish reasonable reserves as deemed appropriate. (Exhibit C (Bylaws) Sec. 10(b)(iv))

Pets

Yes, one dog per Home, cats, small birds, fish, and other common household pets, provided not kept for commercial breeding, kept on leash/cage in Common Area, in accordance with Board rules, and not a nuisance. (Declaration Sec. 19(h))

Leasing & rentals

Yes, subject to limitations. (Declaration Sec. 18(b))

Home business

Home Owner may maintain personal or professional library, keep records, handle phone calls/correspondence within Home, as customarily incidental to residential use. (Declaration Sec. 19(a))

Maintenance

Home Owner responsible for all maintenance, repairs, replacements within his own Home (interior and exterior, including walls, ceilings, floors, doors, fixtures, appliances, windows, painting, etc.). Association responsible for Common Area (Declaration Sec. 14(a), (b), Sec. 16, Se)

Use restrictions

Each Home shall be used only as a residence for a single family. No part of Development used other than for housing and related purposes. Incidental personal business/ professional activities permitted. (Declaration Sec. 19(a))

Voting & meetings

Two classes: Class A (Home Owners) one vote per Home; Class B (Declarant) three votes per one Class A vote, until first to occur: sale of 8 Homes, a date (blank), or Declarant elects to convert to Class A (Exhibit C (Bylaws) Sec. 3)

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