Charges Must Be Properly Applied to Be Enforceable - How to Properly Assess Owners

Charges Must Be Properly Applied to Be Enforceable - How to Properly Assess Owners

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Condo associations often apply charges to owner accounts beyond regular monthly assessments.  Examples include fines, charges for expenses related to limited common elements, or chargebacks for damage to common elements caused by a unit owner.

In order for the board to ensure that all charges to an owner's account are legally enforceable, they must be properly applied. The association's governing documents and IL condo law will dictate proper processes for different types of charges.

Read about different types of charges that may be imposed and how to properly apply them here.