Assessments are a community association’s lifeblood, and community associations should ensure that they are timely receiving assessments from owners. Generally, community associations will levy late fees on owners who fail to timely pay their assessments. However, Hidden Grove Condo. Ass’n v. Crooks, 318 Ill. App. 3d 945, 744 N.E.2d 305 (3d Dist. 2001), is an Illinois appellate court case that serves as an important reminder for condominium associations regarding the enforceability of late fees and penalties. Read the article…………………………….
Related Post
January 28, 2016
March 28, 2013
Comments are closed.