Under Section 19 of the Illinois Condominium Property Act (765 ILCS 605/19), the board of managers for a condo association is required to keep and maintain certain records, or copies of those records, at the association’s principal office. Under that section, most of those records
There are certain circumstances where the best interests of a condominium is to change from a condominium structure to a rental structure for the building or buildings. One common reason given is the market at that time favors rental units over condominiums, especially if financing
The Illinois Condominium Property Act, 765 ILCS 605/1 et seq. outlines the process for a condominium association to record a lien on a condominium unit when a unit owner is not paying its share of common expenses or fines. More specifically, 765 ILCS 605/9(g) of
Whenever a new condominium or common interest community is created, there needs to be a transfer of control of the homeowners association from the developer to an owner-controlled board of managers. The Illinois Condominium Act and the Illinois Common Interest Community Association Act both include
Condominium and homeowners associations throughout Illinois are frequently forced to deal with owners have not paid assessments or fines levied for violations of the declaration or the HOA bylaws. In many cases, an owner will be pay delinquent HOA assessments after receiving an initial demand
Whenever a new condominium or common interest community is created, there needs to be a transfer of control of the homeowners association from the developer to an owner-controlled board of managers. The Illinois Condominium Act and the Illinois Common Interest Community Association Act both include
