Revisiting Leasing – Statutory Changes and Practical Implications (IL)

When a homeowner falls behind his or her monthly condominium assessments, the Association’s Board can turnover that account to our offices to begin the collection process. The process entails our offices sending a demand for possession whereby the homeowner is given 30 days in which to pay the debt. In the event the homeowner fails to pay within the 30 days, if directed to do so, we will file a lawsuit under the Forcible Entry and Detainer Act against the homeowner for the unpaid assessments.    Read the article…………….