Mansfield Townhomes

Key facts from Mansfield Townhomes's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Mansfield Court Townhomes Homeowners Association

Units / lots

164 (Article Seventeen, Section 6: 'as many a)

Developer / declarant

Standard Bank and Trust Company, not personally, but as Trustee under Trust Agreement dated May 23, 1986, Trust No. 10396 (Article 1, Section 6)

Assessments & dues

Maximum $900 per lot per year ($75 per month) initially (Article 4, Section 4(a))

Special assessments

May be levied with majority vote of each class at special meeting; may be levied only against benefiting lots for certain repairs (Article 4, Section 6)

Collections & liens

Assessments are a continuing lien on the lot and personal obligation; Association may foreclose; lien subordinate to first mortgages (Article 4, Section 1; Article 5, Section)

Reserves & fees

Association shall establish and maintain reasonable reserves from annual assessments for maintenance, repair, replacement of townhomes, yards, landscaping, common areas (Article 4, Section 5)

Pets

Only dogs and cats as household pets, not for commercial purpose (Article 8, Section 12)

Leasing & rentals

Yes, with minimum lease term of one year (Article Nine)

Architectural approval

Committee shall notify applicant approval/disapproval within 30 days after submission; if no suit to enjoin commenced before completion, approval not required (Article Seven)

Maintenance

Association maintenance includes roofs (as part of exterior surfaces) (Article 10, Section 2(a))

Insurance

Casualty insurance on townhomes (excluding contents) at 100% replacement cost, all risk; also comprehensive general liability insurance $1,000,000 per occurrence; also workers' compensation, fidelity bonds (Article 6, Sections 1, 3, 4)

Use restrictions

Properties restricted to residential uses and dwellings (Article 8, Section 1)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Townhome Lot; Class B (Declarant) – three votes per Townhome Lot until conversion (Article 2, Section 5)

Amendments

Amendments require instrument signed by owners of 67% of votes, with consent of 51% of mortgagees; while Declarant is Class B, must join; also require written approval of Village of Tinley Park; termination amendments require 67% mortgagee (Article 17, Section 5)

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