Condominium associations in Chicago are primarily regulated by state law, specifically the Illinois Condominium Property Act (ICPA). This act governs […]
Who Regulates Condo Associations in Chicago? Read More »
Condo associations and HOAs in Illinois operate much like mini-governments. They have their own rules and regulations to help the
How are Condo Bylaws Enforced in Chicago? Read More »
Calculating the exact property tax on a condo in Chicago can be complex, as it depends on various factors, including
What is the Property Tax on a Condo in Chicago? Read More »
Condo buildings in Cook County follow a triennial reassessment schedule. That means properties are reassessed once every three years. You
How Often are Cook County Property Taxes Reassessed for Condo Buildings? Read More »
In Chicago, property taxes for condominium buildings, like other types of real estate properties, can go up due to several
When Does a Condo Building’s Property Taxes Go Up in Chicago? Read More »
Condo fees, or HOA fees, are calculated based on various factors and are determined by the condo association’s board of
The ways in which condo associations manage “optional” services like internet and cable vary from association to association. There’s no
How are a Condo Building’s Internet and Cable Services Managed? Read More »
Those who serve on their condo association’s board of directors will become highly familiar with their HOA’s financial statements. These
What Should I Look for When Reviewing Condo Financial Statements? Read More »
Reading condo association financial statements is a valuable skill for condo owners and board members. These statements provide a snapshot
How to Read Condo Association Financial Statements Read More »
The annual budget can become a contentious part of living in a Chicago condo association. No one wants their fees to
Can Owners Reject a Condo Association Budget in Illinois? Read More »