Short title. (a) Real property taxes, special assessments, and any other special taxes or charges of the State of Illinois or of any political subdivision thereof, or other lawful taxing or assessing body, which are authorized by law to be assessed against and levied upon real property shall be assessed against and levied upon each unit and the owner's corresponding percentage of ownership in the common …
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1. 30, par. However, if the special assessments exceeds 15% of the previous year’s regular and special assessments, then the owners also have the right to file a petition to reject the special assessment under the same procedure as set forth above. Pursuant to Section 2.1 of the Act, in any situation where the governing documents and the Act conflict (for instance, where the governing documents limit the Board's ability to pass special assessments or make certain expenditures), the Act … Contact us for a FREE legal consultation. Important changes are coming to the Illinois Condominium Property Act (“ICPA”) and the Illinois Common Interest Community Association Act (“CICAA”), effective January 1, 2018. Candidly, it is not a well written statute… and trying to decipher it can make your head spin. If the special assessment plus the regular assessment result in a … The Association of Condominium, Townhouse and Homeowners Associations (ACTHA) provides information and education to boards, owners and professionals involved with community associations, to help their organizations run more effectively and efficiently. If you reside in a Condominium Association, Section 9(c)(2) of the Illinois Condominium Property Act (“Act”) requires that all Condominium Associations throughout the State of Illinois establish and maintain a reasonable reserve account. New Amendments to the Illinois Condominium Property Act and Illinois Common Interest Community Association Act Summary Legislation that will take effect on January 1, 2018 will impose new obligations on Illinois condominium associations, including a requirement that every association maintain an official unit owner list that includes every unit owner’s phone number and email address. Current Legislation.
This Act shall be known and may be cited as the "Condominium Property Act." It does not prohibit putting up a partition wall in a portion of a unit. In Lake County, DuPage County, Will County, Kane County, and McHenry County (also known as the Collar Counties), all property regardless of type (i.e. 2012 Illinois Compiled Statutes Chapter 765 - PROPERTY Act 765 ILCS 605/ - Condominium Property Act. Applies to Common Interest Community Association Act (Sections 1-20 and 1-45 of Public Act 100-292) and the Condominium Property Act (Sections 9, 15, 18, 18.4, 18.10, 19, 27, and 31 of Public Act …
Condominium Property Act ("Act"). Thus, the Illinois Condominium Property Act does not prohibit what you are attempting. A: Under Illinois law, the board of directors must advise the owners in advance of the directors' vote on a special assessment. Bills that may affect community associations in Illinois are listed with brief descriptions.
302) Sec. View the Illinois Condominium Property Act . Illinois Condominium Property Act (As Effective January 1, 2018) Illinois Compiled Statutes, Ch. Sylva’s relied on the Illinois Condominium Property Act provision that “[t]he purchaser of a condominium unit at a judicial foreclosure sale, other than a mortgagee…shall have the duty to pay the proportionate share, if any, of the common expenses…during the 6 months immediately preceding institution of an action to enforce the collection of assessments…”.