Homeowner

Key facts from Homeowner's documents

Reflects the 2026 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Traditions of Olympia Fields Homeowners’ Association) (1.03)

Developer / declarant

Traditions of Olympia Fields, L.L.C., an Illinois limited liability company (1.18)

Governing law

Common Interest Community Association Act (765 ILCS 160/1 et seq.) (Recitals)

Age restriction

Yes; community qualified under Housing for Older Persons Act (HOPA); each Unit must have at least one Age Qualified Occupant (55+) (8.10)

Assessments & dues

Board adopts annual budget and provides notice to members 30-60 days prior (6.02)

Special assessments

Allowed; if exceeds 115% of prior year total assessments, members with 20% votes may petition for a meeting; emergency or mandated assessments exempt (6.05)

Collections & liens

Assessments and Charges are a continuing lien on the Lot and a personal obligation of the Owner (7.01)

Reserves & fees

Association shall maintain reasonable reserves for operations, contingencies, replacement (6.06)

Pets

Yes, subject to Board rules; no animals in Common Area; nuisance pets must be removed on 3 days notice (8.07)

Leasing & rentals

Yes (2.15)

Fences

Construction of fence requires Board consent (3.06)

Architectural approval

Prior written consent of Board required for alterations, additions, improvements to Unit exterior, Home Exterior, and landscaping outside Privacy Area (3.06)

Home business

Permitted if not prohibited by municipal ordinance (8.04)

Signs & flags

For Sale or For Rent signs only as permitted by Board (8.01)

Maintenance

Association (part of Home Exterior) (1.23, 3.01(e))

Insurance

Comprehensive public liability insurance, workers compensation, and other liability insurance as Board deems desirable (4.01(a))

Use restrictions

Each Unit shall be used only as a residence (8.04)

Voting & meetings

One vote per Lot; Voting Member designated per Lot (5.05, 5.03)

Amendments

By affirmative vote of 75% of total votes of Voting Members; amendment effective upon recording (Article Nine)

Amenities

May include clubhouse and/or other recreational facilities (1.12, 1.13)

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