Board has power to evict tenants (IL)

Q. Our condominium association decided that the percentage of rentals was too high, so an amendment to the bylaws was prepared, approved and recorded that prohibits rentals of units. The amendment “grandfathered” any existing rental units and also made an exception for rentals to certain family members (parents, children, siblings and grandparents of the owner).    Read the Q&A…………


Related Articles

Don’t open ballot box before board meeting

Q. Our association utilizes mail-in ballots for elections to the board. The association’s accounting firm (which also tallies our election

Condos to be scrutinized by Fannie and Freddie

Condominium associations and homeowner associations in Chicago and across the nation will be more closely watched by the federal government

Are condo & HOA bank deposits fully insured by Uncle Sam?

Condominium and homeowners associations (HOAs) currently have an estimated $50 billion on deposit nationwide in banks to stash operating account