Condo board can cap number of leases

Q. Our townhouse association is considering revising the declaration to establish a maximum cap on the number of units that can be leased in the complex. According to our declaration, an amendment would only require approval by a simple majority vote of unit owners.  Read the Q&A………….


Related Articles

State gives leeway in use of technology (IL)

The Illinois Condominium Property Act is catching up with technology, as evidenced by recent additions to the law that are

Crestwood (IL) Firefighters Save Elderly Residents in Overnight Condo Fire

A smoky fire in a Crestwood condominium building sent five elderly residents, one of them critically injured, to local hospitals

Another big condo building goes rental (IL)

A 101-unit condominium building on the North Side has joined the deconversion trend sweeping through the city, selling out to