Condo Living Made Easy

Presented by Haus Financial Services, LLC - Elevating Small Condo Management.

Condo Living Made Easy

Presented by Haus Financial Services, LLC - Elevating Small Condo Management.

Q. We are attempting to pass an amendment to the Declaration for our Homeowners Association that would change a portion of the common element to limited common element for the purpose of adding a small patio.  The question has come up would this change the common element interest for our 72 homeowners? 

We believe that no matter what portion of the property is deemed common element or limited common element the common interest would remain 1/72. Do you agree?

A. The final answer would depend upon

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"Ask the Expert"

Our association would like to update its Bylaws. Is a template available?

Q. Could you point me in the direction of the Bylaws template for small Chicago condo associations? Our building is using the original from the 1960’s or something like that, and I would like to propose a revamp. 

My condo management company claims I have not made a payment. What can I do?

Q.The new Management that took over in January has caused me to place a stop payment on my payments.  They are currently accusing me of not paying for 1 month last year and attaching late fees. 

Limits on Special Assessments for Condominiums

Q. What is the maximum amount that the board can set as a special assessment WITHOUT having to get the association to approve?

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