Board lacked authority to impose leasing restriction (IL)
The Illinois Appellate Court has invalidated a rule adopted by the board of a condominium that imposed a leasing restriction. Stobe v. 842-848 West Bradley Place Condominium Association, decided by the First District of the Illinois Appellate Court on Feb. 3, 2015, confirms the position I have taken in this column that the board of managers of a condominium does not have the authority to adopt rules that restrict leasing of units when the association’s declaration of condominium permits leasing. Read the article…………….
Significant legislative changes in the works may help resolve disputes between condominium boards and unit owners more smoothly, lawyers say.
Dozens of explosive records released by the U.S. Supreme Court show a developer of the failed Trump tower in Fort
Bewildered homeowners at a major Abaco resort/marina development yesterday told Tribune Business they were “a bit freaked out” after a