Distinguishing Communities: An Overview of Condominium Associations, Common Interest Community Associations, Master Associations, & Cooperatives (IL)

/ Owner - July 11, 2018

Whether you are an experienced homeowner or a first time buyer in a community administered by an association, it is important that you understand the laws that effect how your association is maintained. Specifically, while you may have heard of the Illinois Condominium Property Act, the Common Interest Community Act, and the Illinois General Not For Profit Act, most homeowners do not understand how these three different statutes work together. In large part, the relationship between these laws depends on whether your association is a condominium association, master association, cooperative, or common interest community association.    Read the article……………….

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