Condo board required to supply itemized income and expenses report
Q: My husband and I reside in a condominium association. Our bylaws state that on or before April 1 of each calendar year the association must supply to unit owners an itemized accounting of income and expenses. Our management company insists that the association must only make this information available upon request by a unit owner and the only information that must be supplied is a summary of amounts expended without any description of the category of expense or vendor identification. Is there anything more specific in the Condominium Act on this issue? Read the article………..
Q. Our condominium association declaration requires the board to give notice of proposed amendments to the mortgage holder of each
The plaintiffs in a lawsuit to stop a downtown Clarendon Hills condominium development want to take their case to the
Here’s another reason to stay current on assessment payments to your community association: You might get a tax break. Recent