Control of the Association

Key facts from Control of the Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Page 2, last paragraph: 'Cheddar Close H)

Legal name

Cheddar Close Homeowners Assoc Inc

Units / lots

Exhibit A lists Block 1 Lots 11.33, 11.34, 11.35, 11.39, 11.40, 11.41 (6 lots) and Block 1.01 Lots 11.46 through 11.60 inclusive (15 lots) = 21 lots; plus possible common area Lots 11.36 and 11.?? (not counted as lots subject to assessment? (Exhibit A, Page 9: 'Block - 1 Lots — 11.)

Developer / declarant

Friendship Inc. (Page 1, first paragraph: 'by Friendship )

Assessments & dues

Until January 1, 2015, maximum annual assessment is $200.00 per Lot per year; after that, Board sets amount sufficient to maintain and operate Common Areas (Article 5, Section 3, Page 5: 'until the)

Special assessments

Special assessments for capital improvements are authorized (Article 5, Section 1, Page 5: 'special a)

Collections & liens

Assessments are a continuing lien on the Lot; Association may enforce or foreclose the lien against the property after delinquency; personal obligation remains with owner at time due (Article 5, Section 1 and Section 6, Page)

Reserves & fees

If assessment not paid within 30 days after due date, interest accrues at prime lending rate as set forth in the Wall Street Journal (Article 5, Section 6, Page 6: 'If the as)

Voting & meetings

Each Owner entitled to one vote for each Lot they hold interest in; no more than one vote per Lot (Article 3, Section 2, Page 3: 'Each Owne)

Amendments

Can be amended by instrument signed by Owners of 2/3 of Lots, recorded two years before effective date, unless earlier effective date and signed by all Owners; Article 6 requires Township consent (Article 7, Section 1, Page 8: 'unless an)

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