When the unit owner board takes over control of the condominium from the developer, there could be some gaps in the specificity of declaration that could be addressed by board rules. As such, the board has the capacity to fill in those gaps with additional rules for day-to-day living.
Upcoming changes to Illinois Condominium Property Act effective January 1, 2018
Judicial Sale Purchasers Could Have to Pay All Pre-Foreclosure Condo Assessments
Thou Shalt Not Serve a Five Day Notice with a Sunday Deadline
A recent Illinois appellate court decision has actually ruled that a landlord’s 5 day notice is defective if the deadline in the notice (the 5th day) falls on a Sunday. As most landlords are aware, it must serve its non-paying tenant with a written notice before it can file an eviction lawsuit. In the residential context, and unless the lease provides for a longer time period, the notice for the non-payment of rent is 5 days, and the notice for some other default under the lease is 10 days.
Palm Decision Requires Condominium Boards to Reconsider How They Conduct Business
Condominium associations are not-for-profit corporations, and like for-profit corporations, management decisions are made by a duly elected board of directors. However, unlike in a typical corporate board, condominium board members serve on a voluntarily basis, and often have busy schedules or full-time jobs that prohibit them from devoting the majority of their time to association board business.