As the new year approaches, it is important for association boards and community association professionals to be cognizant of new laws that may impact the industry. For 2023, there are a few updates, mainly to Section 22.1 of the Illinois Condominium Property Act. This change to Section 22.1 was made in response to prior litigation against associations and their managing agents for requiring owners to pay a fee for a resale disclosure when selling their unit/lot. Read the article………………………..
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