Ninovan Lake Estates Lake Estates Homeowners Association

Key facts from Ninovan Lake Estates Lake Estates Homeowners Association's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.01)

Legal name

Ninovan Lake Estates Homeowners Association

Units / lots

Not explicitly stated; multiple lots referenced but no count given (Throughout document)

Developer / declarant

Ninovan Lake Estates, LLC

Governing law

Illinois Not-for-Profit Corporation Act (implied) (Recitals: 'incorporated under the laws o)

Assessments & dues

Initial $100 payment at closing; annual assessments set by Board sufficient to meet costs; no fixed amount stated (Sections 6.01, 6.02, 6.03)

Special assessments

May levy special assessment for capital improvements (construction, reconstruction, unexpected repair, etc.) on the common area (Section 6.04)

Collections & liens

Unpaid assessments, interest, costs, attorney's fees constitute a continuing lien on the Lot; may be foreclosed by action in like manner as mortgage; lien subordinate to first mortgage (Sections 6.07, 6.08)

Reserves & fees

Interest from date of delinquency at rate allowed by law (Section 6.07)

Pets

Dogs, cats or other common household pets may be kept, not for commercial purposes (Section 9.11)

Parking & vehicles

Commercial vehicles, vehicles with signage (except Declarant) prohibited except within garages behind closed overhead door (Section 9.18)

Home business

Allowed subject to conditions: no commercial activities open to public; only owner/resident conducts business; no clients on premises (amended to allow employee meetings?); no signs; comply with ordinances (Section 9.02 (as amended by First Amendm)

Use restrictions

Lots shall be used primarily for residential purposes (Section 9.02 (as amended))

Voting & meetings

Two classes: Class A (owners) 1 vote per lot; Class B (Declarant) 3 votes per lot until Transfer Date; only one vote per lot aggregate (Article III, Section 3.01)

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