Woods Edge Homeowners

Key facts from Woods Edge Homeowners's documents

Community type

Covenant / Planned Community

Legal name

Woods Edge Homeowners' Association

Governing law

Illinois Condominium Property Act, 765 ILCS 605/18.5(h)(1) (Preamble (page 1))

Assessments & dues

Set by Board each year; flat rate per Unit (Sections 4.03, 4.06 (page 7-8); By-Laws )

Special assessments

May be levied by Board with 2/3 vote of Members present; membership approval not required for maintenance, repair, replacement, or emergency (Section 4.04 (page 8))

Collections & liens

Unpaid assessments constitute a lien on the Unit; Association may foreclose or bring action at law (Sections 4.01, 4.11, 4.12 (pages 7, 9))

Reserves & fees

May be assessed in amount identified in Association's Rules and Regulations (Section 4.11 (page 9))

Pets

Yes, but no animals raised, bred, or kept in Common Area; pets causing nuisance must be removed after 3 days written notice (Section 5.04 (page 10))

Leasing & rentals

Implicitly allowed; Member may delegate use of Common Area to tenants (Section 3.04 (page 6))

Maintenance

Association maintains Common Area and Community Facilities; if Owner fails to maintain exterior, Association may repair and assess cost to that Phase (Sections 3.05(a), 3.05(b) (page 6))

Insurance

Board must procure fire and extended coverage on insurable Common Area at 100% replacement cost (By-Laws Section 8.02(e) (page 25))

Voting & meetings

One vote per Dwelling Unit owned (By-Laws Section 5.04 (page 22) and Artic)

Amendments

Declaration may be amended by instrument executed by not less than 75% of the membership; By-Laws amended by Board with ratification by 75% of Members (Section 6.02 (page 11); By-Laws Article )

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