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…………….
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