Management and Administrative Fees: Are They Collectible? (IL)

Oftentimes, management companies will include their own management fees (such as a collection turnover fee or trial witness fee) on the ledger of a delinquent owner’s account when collecting unpaid assessments. As courts are reviewing account ledgers with increasing scrutiny, it is important for associations to be aware of the law regarding an association’s ability to include these types of fees to a delinquent owner’s account.   Read the article…………..


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