Trails Edge

Key facts from Trails Edge's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Condominium name 'Trails Edge Condominiu)

Legal name

Trails Edge Condominium Association

Developer / declarant

Trails Edge Corporation

Governing law

Condominium Property Act of the State of Illinois (Preamble (WHEREAS))

Assessments & dues

Board adopts annual budget and levies assessments (Section 5.07(g)(ii)-(iii))

Special assessments

Allowed; Board may authorize additions/improvements to common elements via special assessment (Section 4.09(a))

Collections & liens

Board may impose lien for common expenses under the Act; foreclosure allowed (Section 5.07(j) (purchase at foreclosure)

Reserves & fees

Included in definition of common expenses as 'reserves, if any'; not mandatory (Article I, Section 1.07)

Parking & vehicles

Driveway is a Limited Common Element reserved for use of the unit it serves (Section 4.04)

Signs & flags

Developer may install advertising signs on common elements; no restriction on owner signs mentioned (Section 4.03(c)(iv) and (v))

Maintenance

Association (part of common elements) (Section 3.01 includes roof in common ele)

Use restrictions

Units designed and intended for one-family dwelling (Article I, Section 1.19 (definition of U)

Voting & meetings

One voting member per unit ownership; votes equal to percentage of common elements allocated to unit; total 100 votes; if 30% or fewer units hold >50% votes, voting by number of units (Section 5.03(a))

Amendments

Not fully detailed; Act governs; percentage of common elements requires unanimous written consent of all unit owners and mortgagees (Section 3.02)

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