With the uncertainty surrounding the coronavirus, KSN would like to assure our clients we are fully operational and equipped to address their legal concerns.
With over 35 years of experience, we are prepared to address this challenge by relying on our core values and business continuity plans. For over a decade, our law firm has utilized … Read More ›
“The Devil is in the Details with Special Assessments” – Attorney Joseph Scharnak discusses the complex process of how a condominium, townhome or homeowners association adopts a special assessment, and the legal restrictions around voting, vetos, and use of those funds. (13 mins.)
KSN Podcast episodes are available here: www.ksnlaw.com/podcast
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As you’re probably well aware, condominium, townhome, and homeowner’s association residents typically pay regular assessments to cover collective maintenance expenses. But what happens when there are financial needs outside of the community’s annual budget? Enter Special Assessments.
Let’s review the basics:
What are Special Assessments?
Special assessments are monies, in addition to the regular monthly assessment, collected by … Read More ›
In Lake Point Tower Condominium Ass’n v. Waller, 2017 IL App (1st) 162072, decided on June 28, 2017, the Association filed a Forcible Entry and Detainer action against Defendant to obtain possession of Defendant’s condominium. At trial, Defendant filed a motion to dismiss the complaint. In the motion, Defendant acknowledged that she owed past-due assessments … Read More ›