On June 4, 2018, the Appellate Court issued its opinion in Sylva, LLC v. Baldwin Court Condominium Association, Inc. (“Sylva”) holding that the “initiation of an action” requirement in section 9(g)(4) of the Illinois Condominium Property Act (“ICPA”) may be satisfied even when an association does not file suit against the former owner. This expansion of the law may provide associations with an opportunity to recover up to six months of unpaid assessments following a foreclosure when a collection suit was not filed. Read the article……………….
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