Illinois House Bill proposes mandatory payment plans for delinquent owners
HB 4154 (Rep. Madigan and Rep. Kifowit) ALTERNATIVE PAYMENT OF DELINQUENT ASSESSMENTS.
Overview of the bill
This bill proposes the creation a new Sec. 1-47 of the Common Interest Community Association Act which would mandate that common interest communities of more than 14 units adopt “reasonable guidelines” for delinquent owners to pay regular and special assessments. The bill would require the association to adopt and record in the county recorder’s office guidelines for a payment plan. The payment plan would need to be a minimum of 3 months and not extend...
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Understanding Palm v. 2800 Lake Shore Drive – A practical perspective
Earlier this month the Illinois Appellate Court issued an order that is causing quite a stir in condo association circles. Palm v. 2800 Lake Shore Drive is a case that relates to how boards of condo associations conduct their business. Specifically, how board members communicate and make decisions.
On the surface the ruling appears to introduce an incredible level of difficulty to the process that a board must follow in order to perform their duties. Many of the updates that I have read from attorneys and other professionals in...
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Chicago bed bug ordinance (2014)
For reference purposes the ordinance is attached to this post. Part of the new ordinance is the requirement for all condo associations to prepare and adopt a "pest management plan for the detection, inspection and treatment of bed bugs in the building". The city is required to post a sample plan to their website so that board members can have an idea what this type of plan should look like. The city has yet to post this sample plan so it is not yet possible to adhere to the ordinance.
After all, how would a...
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Section 19 of the Illinois Condominium Act discusses the type of records that the Board must maintain and rules related to what records must be provided to a unit owner upon request. This is a recap of the section of the Act to help clarify what is required.
Documents that must be kept by the Board
The following must be maintained by the Board or management company:
1) The association's declaration, bylaws, and plats of survey, and all amendments of these.
2) The rules and regulations of the association, if any.
3) If the association is incorporated as a corporation,...
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ILLINOIS CONDOMINIUM PROPERTY ACT Updated through January 1, 2014
This content was taken from the Illinois General Assembly website and may not be the most current version.
Title: An Act concerning the ownership in and rights and responsibilities of parties under the condominium form of ownership of property.
Section 1. Short title.
This Act shall be known and may be cited as the "Condominium Property Act."
Section 2. Definitions. As used in this Act, unless the context otherwise requires:
(a) "Declaration" means the instrument by which the property is submitted to the provisions of this Act, as hereinafter provided, and...
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