Selling or Buying a Townhome in Warrenville Lakes
WLHA is a PUD, not a Condo association.
IL CICAA applies to us; the IL Condo Act does not apply to us.
For copies of the current budget, most recent yearly financials, board meeting minutes, a Paid Assessment Letter or to exercise prospective purchaser rights under CICAA 1-35(d), please send your request to Accounts at wlhoa.com. Your (Condo Act) 22.1 Disclosure form is not the correct form for this transaction. Our response will include legally required disclosures.
We are not a, and there is no, Master Association.
For a Certificate of Insurance, contact:
S.T. Neswold & Associates, Inc.
210 W. 22nd St., Suite 124
Oak Brook, IL 60523
Phone: 630-574-3573
Fax: 630-574-3578
Email:frontdesk@neswoldinsurance.com
Your buyer is responsible for purchasing a full HO-3 insurance policy to fully cover their unit. Additional details below. HO-4 and HO-6 policies are insufficient and will be rejected by the association.
Reference copies of all WLHA governing documents can be found on the Governing Documents page. Official copies can be obtained from the DuPage County Recorder's Office.
New Homeowners & Insurance Agents, read this:
As you purchase your new homeowners insurance policy, make note of the following. You are required to purchase a HO-3 homeowners policy; a HO-5 policy may also be available and acceptable, as long as it includes everything in a standard HO-3 policy. These policy types covers the structure of the building in addition to its interior contents. If you have a mortgage, you likely already have this level of coverage. HO-6 Condo and HO-4 renter policies are insufficient as they only cover the interior of your unit or its contents and do not cover walls out. Your insurance agent may offer you one of these policies because they are cheaper - make sure you verify the policy type you are buying meets the minimum requirements. WLHA provides no insurance coverage for your home.
You are required to provide evidence of your current insurance to the Association and advised to list the Association as an additional interest party on your policy. Contact your agent for instructions. When you do this, your insurance company will typically provide us notice and details of renewals, which conveniently meets your obligation to provide evidence of your policy to the Association. Failure to maintain insurance coverage and\or provide evidence of such coverage is a violation of Association rules and is closely tracked.
If your insurance company does not automatically send a copy of your homeowner’s insurance policy to us, you will need to do so yourself. Send it to us here:
WLHA
P.O. Box 281
Warrenville, IL 60555
OR Accounts at wlhoa.com
Please reference the Finances section for information on paying your assessments.
Assessment payments are due on the first of the month. There is a short grace period of no more than 9 days. Late fees are applied on the 10th of the month.
Any other questions regarding selling or buying a townhome in
Warrenville Lakes, please contact the Accounts Manager at
accounts at wlhoa.com