What are the rights of Illinois condominium owners who pay assessments late?

Answer Your governing documents will advise you whether or not you curb your membership rights when you pay your assessments late. For example, you may or may not be able to vote in association business,... Read More »

Top Q&A For: What are the rights of Illinois condominium own...

Do condominium owners have to have insurance in accordance with the Illinois condominium property act?

If the Illinois Condominium Property Act says that you **shall** have insurance -- not **may** -- and lays out specific terms and conditions, you are strongly urged to obey the law. In the case of ... Read More »

What is the maximum rate of interest allowed by law in Ohio on condominium assessments that are paid late?

Usually, unpaid assessments are not interest-bearing or interest-earning amounts, because they are debts. Read your governing documents to verify the late fees being charged. If you believe that t... Read More »

In Illinois can the board in the financial report list the unit number of owners who do not pay their assessments?

The board may be limited to listing the unit numbers and not be permitted to list the names, under the privacy laws that govern the location where the condominium is located. In Hong Kong, for exam... Read More »

Can condo assoc located in Illinois place in unit owners credit report unpaid assessments?

If you owe assessments that are unpaid, you are in violation of the financial agreement you made with the association. The association is required to pursue you to collect this debt. You can read y... Read More »