Who is Responsible for Water Leaks in an Illinois Condo?
Living in a shared community offers many benefits to unit owners, but it also comes with questions and, at times, […]
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Can Condo Board Members Be Held Personally Liable in Illinois?
In Illinois, condo board members generally enjoy a degree of protection from personal liability when they are acting within the
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Who Regulates Condo Associations in Chicago?
Condominium associations in Chicago are primarily regulated by state law, specifically the Illinois Condominium Property Act (ICPA). This act governs
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How are Condo Bylaws Enforced in Chicago?
Condo associations and HOAs in Illinois operate much like mini-governments. They have their own rules and regulations to help the
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What is the Property Tax on a Condo in Chicago?
Calculating the exact property tax on a condo in Chicago can be complex, as it depends on various factors, including
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How Often are Cook County Property Taxes Reassessed for Condo Buildings?
Condo buildings in Cook County follow a triennial reassessment schedule. That means properties are reassessed once every three years. You
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When Does a Condo Building’s Property Taxes Go Up in Chicago?
In Chicago, property taxes for condominium buildings, like other types of real estate properties, can go up due to several
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How are Condo Fees Calculated, and What Factors Influence the Amount I am Required to Pay?
Condo fees, or HOA fees, are calculated based on various factors and are determined by the condo association’s board of
How are a Condo Building’s Internet and Cable Services Managed?
The ways in which condo associations manage “optional” services like internet and cable vary from association to association. There’s no
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What Should I Look for When Reviewing Condo Financial Statements?
Those who serve on their condo association’s board of directors will become highly familiar with their HOA’s financial statements. These
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