Lakewood Estates Property Owners Association

Key facts from Lakewood Estates Property Owners Association's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association (HOA) for Lakewood Estates (Section I.A, I.D)

Governing law

Illinois not-for-profit corporation law (Section I.D: 'Illinois not-for-profit co)

Assessments & dues

Originally $250 per year (Covenants I.G); later changed to $400 per year (General Information G) (Covenants I.G; later 'GENERAL INFORMATIO)

Special assessments

Allowed if annual budget inadequate (Bylaws Art VII Sec 2(b)) (Bylaws Art VII Sec 2(b): 'may at any tim)

Collections & liens

Association may file a lien for unpaid fines, penalties, dues, or attorney fees (Rule 6 under Violation Process) (NEW COVENANTS ADD UNDER PROPERTY MANAGEM)

Reserves & fees

Association may build and maintain a reasonable reserve for contingencies and replacements (Bylaws Art VII Sec 2(b)) (Bylaws Art VII Sec 2(b))

Pets

Yes, maximum of two usual household pets (cats or dogs) (Covenants IX.A) (Covenants IX.A)

Leasing & rentals

Not allowed under any circumstances (Rule 10) (Rule 10 under Rules and Regulations: 'Re)

Parking & vehicles

Parking of boats, trailers on roadways or common areas prohibited (VIII.A). Recreational vehicles may not be used for residential purposes on any lot except during construction for max 10 months with permission (IV.F, Rule 3). (Covenants VIII.A, IV.F; Rule 3 under 'OT)

Fences

Fences require ARC approval (Covenants III.A). No specific fence height or material rules in provided text. (Covenants III.A)

Architectural approval

Yes, Architectural Review Committee (ARC) approval required for buildings, fences, walls, driveways, swimming pools, docks, piers, other permanent structures, and any changes (Covenants III.A, IV.A, IV.C) (Covenants III.A, IV.A, IV.C)

Signs & flags

Only one nameplate not more than 3 square feet permitted (Covenants IV.D) (Covenants IV.D)

Setbacks / home size

Buildings must be at least 36.5 feet from center line of roadway, 15 feet from adjoining lot lines, and 20 feet from normal high water line (Covenants III.C) (Covenants III.C)

Use restrictions

All lots used for private residence purposes only, single-family dwelling, unless specified differently in original plats (Covenants II.B) (Covenants II.B)

Voting & meetings

One vote per lot (Covenants I.E) but Bylaws Art II Sec 2(c) states one vote per property owner regardless of number of lots; also membership conditional on dues being paid (Bylaws Art II Sec 2(d)) (Covenants I.E; Bylaws Art II Sec 2(c)-(d)

Amendments

Covenants: any changes, additions, or deletions must be ratified by at least two-thirds of voting members, with postal notification at least three weeks before vote (Covenants I.F). Bylaws: until first annual meeting, Board may amend by maj (Covenants I.F; Bylaws Art XI)

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