State (IL) law places no dollar limit on special assessments

Q: We live in a five-unit condominium. Since we bought our unit last summer, it has been assessed more than $10,000 in special assessments. It appears that previous boards deferred maintenance for many years and there is no reserve fund. Is there anything in condominium law that limits the amount of special assessments that may be assessed per year?     Read more……..


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