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Should You Discount Assessments for Board Members? (IL)

/ Owner - July 11, 2024

According to the Illinois Condominium Property Act, no provision allows for the discounting of assessments for any unit owner, including board members. The Act states explicitly that the association shall have no authority to forbear the payment of assessments by any unit owner??. This means that all unit owners, regardless of their position within the association, must pay their assessments in full.    Read the article…………………………….

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