Suncrest North HOA

Key facts from Suncrest North HOA's documents

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

Community type

Homeowners Association (Recitals: 'the Association under the Ill)

Legal name

Suncrest North

Developer / declarant

Suncrest, L.L.C., an Illinois limited liability company (Opening statement)

Governing law

Illinois General Not-For-Profit Corporation Act (Recitals)

Assessments & dues

Board adopts budget on or before December 1 each year; Community Assessment = estimated expenses + reserves - net cash; equal share per Lot (Section 6.02)

Special assessments

After Turnover Date, may be levied by Board for specific purpose or deficit; requires affirmative vote of two-thirds of votes cast; funds segregated (Section 6.05)

Collections & liens

Charges are a continuing lien on the Lot and personal obligation of Owner; Association may foreclose lien (Sections 7.01, 7.03)

Reserves & fees

Capital Reserve maintained by Association for capital expenditures; Board determines level based on periodic review (Section 6.06)

Leasing & rentals

Implied; Owners may delegate use of Community Area to tenants (Section 3.04); no explicit prohibition on leasing (Section 3.04)

Parking & vehicles

Trucks (commercial) prohibited on Lot outside garage over 24 hours (Section 8.04)

Fences

Declarant intended to construct fence on rear lot lines of Lots 1-8; maintenance by Owner; Association may maintain and charge if Owner fails (Section 8.08)

Home business

Allows maintaining personal professional library, keeping personal business records, handling personal business calls (Section 8.03)

Use restrictions

Each Home shall be used only as a residence; personal professional library, business records, calls permitted (Section 8.03)

Voting & meetings

Prior to Turnover Date, all voting rights in Declarant; after Turnover Date, each Voting Member one vote per Lot, majority present quorum (Section 5.05)

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