“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
You can subscribe to the KSN Podcast in Read More ›
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 ›
Unfortunately, there are times when the landlord/tenant relationship can be contentious. The tenant did not pay their rent on time, caused a disruption with the other tenants and/or the Landlord, etc.. Accordingly, the eviction process may have started and the tenant disappears, leaving the keys behind at the Unit. What should the Landlord do? Below are a few options.
Do Nothing
If … Read More ›