Parkview Townhomes

Key facts from Parkview Townhomes's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

PARKVIEW TOWNHOMES OF BRIDGEVIEW ASSOCIATION

Developer / declarant

Parkview Townhomes of Bridgeview, LLC, an Illinois Limited Liability Company, represented by Edwin Franklin, Manager (Recitals, Section 1.05)

Governing law

Illinois General Not For Profit Corporation Act (Section 3.07; By-Laws Article 3.02)

Assessments & dues

Not fixed; set annually by Board budget; first year assessment set by Developer (Sections 6.03, 6.10)

Special assessments

Allowed for capital improvements with Board approval and, if over $1,000, majority vote of members (or 2/3 written consent); also for budget deficiencies (Sections 6.03(b), 6.04, 6.07)

Collections & liens

Assessment constitutes a lien on the Unit, enforceable by foreclosure; subordinated to first mortgages (Sections 6.01, 6.11, 6.13)

Reserves & fees

Capital reserve account for major repairs and replacements; annual budget includes reserves (Sections 6.03(a), 6.05)

Pets

Dogs, cats, or other customary household pets allowed subject to Board rules (Section 8.06)

Leasing & rentals

Yes, with written lease for at least one year, subject to Declaration and rules; lessee must comply (Article 11)

Fences

Fences must comply with all applicable law (Section 10.03)

Architectural approval

Written approval required for any building, fence, wall, deck, porch, antenna, awning, or other structure; also for exterior additions or alterations (Section 10.01)

Home business

Prohibited; except personal professional library, business records, or personal business calls/correspondence (Section 8.08)

Maintenance

Association responsibility (included in 'all roofs') (Section 5.01(b))

Use restrictions

Each dwelling shall be used as a residence for a single family and for no other purposes (Section 8.01)

Voting & meetings

One vote per Unit, but no more than one vote per Unit; cumulative voting for directors after turnover; proxies allowed in writing (Section 3.02; By-Laws 5.01, 5.08, 6.03)

Amendments

Covenants run for 30 years then auto-renew for 10-year periods unless 75% of Owners agree to amend; Article 7 (Mortgagee Rights) requires 75% of First Mortgagees consent (Sections 12.07, 7.05)

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