Lake Barrington Vil Northpointe of Lk Barrington Property Owners

Key facts from Lake Barrington Vil Northpointe of Lk Barrington Property Owners's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

commercial (Section 4.2: 'Use of Building sites be c)

Developer / declarant

NORTHPOINTE L.L.C. (Section 1.2)

Assessments & dues

Proportionate share based on square footage of Owner's Building Site relative to total square footage of Property (excluding private right-of-way). (Article IX)

Collections & liens

Unpaid assessments constitute a lien; may be recorded and foreclosed like a mortgage; lien takes priority over mortgages. (Section 7.2)

Architectural approval

Yes, for any improvement or exterior alteration. (Section 5.2: 'no improvement shall be co)

Setbacks / home size

Must be shown on plans submitted to Architectural Committee. (Section 5.3(i))

Insurance

Declarant may purchase insurance for itself and name owners as additional insured. (Article IX: 'Declarant shall be entitled)

Use restrictions

Every violation declared a nuisance; no noxious or offensive trades allowed. (Section 4.1, 7.1)

Voting & meetings

Each Owner of a Building Site automatically is a member; directors appointed by Declarant until event, then elected by majority vote of members. (Section 8.2, 8.3)

Amendments

While Declarant has interest, Declarant may amend with consent of owners directly and materially affected. After Declarant no interest, 75% (by acreage) of owners may amend; but no easement termination without Village approval and all owner (Section 10.2)

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