First condo board given opportunity to end long-term contracts (IL)

/ Owner - February 14, 2021

Q: The initial meeting of our condominium association, to elect board members, was recently held by the developer. Soon after that meeting, the developer delivered books and records to the board that include multiple contracts between the association and various third parties. Some of these contracts run for years to come. Is the association stuck with these long-term contracts entered into by the developer?   Read the Q&A……………………………..

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