Heritage Lakes Estates Condo Association

Key facts from Heritage Lakes Estates Condo Association's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Heritage Lake Estates Condominium Association

Units / lots

260 residential units; also 4 garages per residential building (54 buildings = 216 garage units) but garage units not explicitly counted (Page 4: '54 residential buildings contai)

Developer / declarant

Trustee (original Declarant/Trustee, not individually named) (WHEREAS clauses page 4)

Governing law

Illinois Condominium Property Act (765 ILCS 605/27) (Preamble; Section 2.01)

Assessments & dues

Board prepares annual budget and levies assessments as common expenses. (Section 8.01(b),(c))

Special assessments

Board may levy special assessment against an owner if Board performs maintenance/repair that owner failed to do after notice (Section 8.01(x)). Also, structural alterations or capital improvements exceeding $5,000 require 2/3 vote of unit o (Section 8.01(a), 8.01(x), 8.02)

Reserves & fees

Sums paid by unit owners separately maintained by Board for purposes specified by Board or condominium instruments. (Section 1.13)

Pets

Yes, dogs, cats, or other usual household pets may be kept in units subject to Board rules. No commercial breeding. Nuisance pets removed after 30 days written notice. (Section 6.01(g))

Signs & flags

American flag and military flag allowed on unit owner's facility or immediately adjacent exterior. Board may adopt reasonable rules regarding placement, manner, location, and size of flagpoles. Definitions provided. (Section 6.01(p))

Use restrictions

Each residential unit shall be used for housing and related common purposes only. Occupancy limited to owner, spouse, sibling, child, grandchild, parent, grandparent. Garage units for vehicular parking only. (Section 6.01(a))

Voting & meetings

One voting member per unit; votes equal to percentage of common element interest (total 100 votes). Proxy allowed (written, dated, valid 11 months unless otherwise provided). Multiple owners: if only one present, casts all votes; if more th (Section 7.03)

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