Instead, the provisions of Section 18(a)(8) of the Condo Act apply with respect to special assessments. (a) Real property taxes, special assessments, and any other special taxes or charges of the State of Illinois or of any political subdivision thereof, or other lawful taxing or assessing body, which are authorized by law to be assessed against and levied upon real property shall be assessed against and levied upon each unit and the owner's corresponding percentage of ownership in the common … While the Illinois Condominium Property Act provides that condominium associations can collect up to six months of a prior owner’s unpaid assessments from a foreclosure buyer other than a mortgagee (“Section 9(g)(4)”), before Sylva, LLC v. The Illinois legislature has also clarified the Illinois Condominium Act so that any closed session can occur after notice of an open meeting, which is then converted into a closed session in part for the limited purpose of discussions related to (i) litigation involving the association; (ii) employment, (iii) rule violations, and (iv) unpaid assessments.
Again, the Illinois Condominium Property Act permits a condominium board of directors to enact a special assessment in any amount.
The Illinois Condominium Act and associations' individual bylaws require unit owners to pay monthly assessments, special assessments, and fees and authorize associations to take action to possess the unit of the defaulting owner. Some will demand payment in full while others offer payment plans spread out over months or even years. Each state may also have a general assessment for the majority of its students, and an alternate assessment for the 1 percent of students with the most significant cognitive disabilities. The federal Every Student Succeeds Act requires states to assess their learning standards for English language arts (ELA), mathematics, and science. The Condominium Act does not require that unit owners vote to approve special assessments. Illinois Condominium Property Act, 765 ILCS 605. A: Under Illinois law, the board of directors must advise the owners in advance of the directors' vote on a special assessment. However, if the special assessments exceeds 15% of the previous year’s regular and special assessments, then the owners also have the right to file a petition to reject the special assessment under the same procedure as set forth above.
The Act regulates the operation and management of non-condo common interest community associations (CICA’s or HOA’s) that have at least 11 private residences and annually collects more than $100,000 from its members (765 ILCS 160/1-75).
Instead, the provisions of Section 18(a)(8) of the Condo Act apply with respect to special assessments. Thus, in 1994 the Illinois General Assembly removed the requirement that all special assessments over a certain amount must be approved by owners with two-thirds (2/3) of the total vote in a condominium association. Also, the Illinois forcible entry statute, 735 ILCS 5/9-106, allows an association (or a landlord) to take possession of a unit if its owner has fallen behind on payments. Unit owners who pay in full upfront when a payment plan is offered may receive a discount for doing so under the association's policies. Thus, in 1994 the Illinois General Assembly removed the requirement that all special assessments over a certain amount must be approved by owners with two-thirds (2/3) of the total vote in a condominium association. Rather, special assessments, pursuant to the statute, may be levied by board action alone. The Illinois Condominium Property Act authorizes boards to pass special assessments, but they must do so at properly noticed open meetings. However, any actions decided by the board in closed session … Special assessment payment is handled by the condo's association, as defined in its bylaws.