Cloisters HOA

Key facts from Cloisters HOA's documents

Community type

Covenant / Planned Community

Legal name

The Cloisters Homeowners Association

Developer / declarant

THE CLOISTERS, an Illinois not-for-profit corporation (Preamble)

Governing law

Illinois General Not-for-Profit Corporation Act (Paragraph 2.11)

Assessments & dues

Board prepares an estimated annual budget by December 1 allocating the "estimated cash requirement" among Members in proportion to Unit Memberships (Paragraph 4.03.A)

Special assessments

Board may levy special assessments for capital improvements upon or to the Community Area (Paragraph 4.04)

Collections & liens

Assessments and user charges, with interest and collection costs, are a charge and continuing lien on the Dwelling Unit and Unit Membership and a personal obligation of the Member who was Owner when the assessment fell due (Paragraph 4.01.A)

Reserves & fees

Board elects to waive any and all reserve requirements for capital expenditures and deferred maintenance for repair or replacement of Common Elements and Community Area (Paragraph 4.03.C)

Pets

Yes; Board may adopt rules and regulations, including a restriction or absolute prohibition against access by pets to specified portions of the Community Area (Paragraph 5.01.A)

Leasing & rentals

Yes; Declarant may own and lease Dwelling Units, and as to each leased unit Declarant is deemed subject to assessment and holds a Unit Membership from the first day of the month it receives rent (Paragraph 4.01.B)

Parking & vehicles

Members have an easement for vehicular parking in and to the Community Area (Paragraph 3.03)

Fences

Declarant may construct a fence around the entire perimeter; HOA shall maintain and repair this fence in perpetuity (Paragraph 7.03)

Architectural approval

Prior written approval of Declarant required for any building, fence, wall or other structure or exterior addition/change/alteration until Declarant rights under Paragraph 6.03 terminate (Paragraph 7.01.A)

Signs & flags

Declarant reserves the right to place and maintain models, sales offices, advertising signs, banners and lighting on the Premises (Paragraph 6.01)

Setbacks / home size

Plans and specifications submitted for approval must show the height of the proposed structure/addition/alteration (Paragraph 7.01.B)

Maintenance

HOA maintains, repairs and replaces all building exteriors (Paragraph 5.01.C(v))

Insurance

Board may provide insurance as necessary or proper for operation/protection of the HOA and its members and for enforcement of the Declaration (Paragraph 5.01.F)

Use restrictions

Dwelling Unit is a residential housing unit designed or intended for use exclusively as living quarters for one family (Paragraph 1.05)

Voting & meetings

One membership and one vote allocable to each assessable Dwelling Unit ("Unit Membership"); total votes equal total number of Unit Memberships (Paragraph 2.01; Paragraph 2.03; Paragrap)

Amendments

Covenants run for fifty (50) years from recording and automatically extend for successive ten (10) year periods unless an instrument modifying/abolishing provisions is signed by the HOA and owners of at least three-fourths (3/4) of Dwelling (Paragraph 8.01)

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