Ashbrook Townhome

Key facts from Ashbrook Townhome's documents

Community type

Townhome development called 'Ashbrook Townhomes' (Recitals: 'phased townhome development c)

Governing law

Illinois General Not-For-Profit Corporation Act (Recitals: 'Developer has formed the Resi)

Assessments & dues

Not fixed; determined annually by Board based on budget (Sections 6.02, 6.02D)

Special assessments

Allowed with affirmative vote of at least 2/3 of Voting Members casting votes; levied equally on all Owners (Section 6.05)

Collections & liens

Charges are a continuing lien on the Dwelling Unit and personal obligation of Owner; can be foreclosed. (Sections 7.01, 7.02, 7.03(ii): 'enforce )

Reserves & fees

Capital Reserve required; budget must disclose percentage added to Capital Reserve; Owner contributions deemed capital contributions. (Section 6.06: 'segregate and maintain sp)

Pets

Yes, but subject to Board rules; no animals raised, bred, or kept in Dwelling Unit Exterior or Lot Area. Board may adopt rules including prohibiting certain species. (Section 3.16: 'No animal of any kind sha)

Leasing & rentals

Yes, but only entire Dwelling Unit (not partial), for a period of at least 30 days. Transient/hotel purposes prohibited. (Section 3.19: 'Any Owner shall have the )

Parking & vehicles

Cannot be parked overnight in Unit Driveway or Community Area, except pickup trucks 1 ton or less and similar vans. (Section 3.17D)

Fences

Not explicitly mentioned; any alteration requires Board consent (3.12). (Section 3.12)

Architectural approval

Yes – Board consent required for any additions, alterations, or improvements to any Dwelling Unit Exterior. (Section 3.12: 'No additions, alterations)

Home business

Permitted only for personal professional library, personal business records, telephone calls/correspondence; no meeting with clients on the Lot. (Sections 3.14A, 3.14C: 'no Owner shall m)

Use restrictions

Yes – each Dwelling Unit shall be used only as a residence. (Section 3.14C: 'Each Dwelling Unit shall)

Voting & meetings

Prior to Turnover Date: all voting rights vested exclusively in Developer. After Turnover Date: each Dwelling Unit has one Voting Member; majority vote of Voting Members present at quorum meeting (except as otherwise provided) (Sections 5.05, 5.03, 5.05: 'Prior to the)

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