This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condominium Bylaws Condo With Pool In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00452
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Owning a Condo Is Just Like Owning a House So while you have the right to make changes to your unit, you won't have quite as much freedom as you would with a house. You may not have the option of making changes to the plumbing or electrical by yourself, as most condo rules require the use of a qualified professional.
Condo Ownership When you buy a condo, you own the interior of the unit. Unlike an apartment, where you need the landlord's permission to make changes, you can do whatever you like to the interior of your unit. You're also responsible for interior repairs and maintenance.
Often depends on the condo board, but my board for example requires that anyone doing renovations needs to have WSIB and commercial insurance. We also need to submit a proposal to the condo corp with the full details about what exactly is being renovated, and provide a sample of the new materials proposed to be used.
Water Leak Responsibility in Chicago Condo Associations Association insurance should also offer some financial protection. Conversely, if the water leak originates in a unit owner's individual unit, that owner is usually responsible for repairs.
Current law Section 19 (a) provides that the board of the association must maintain the following records at the association's principal office: (1) the association's declaration, bylaws, and plants of survey, and all amendments; (2) the rules and regulations of the association, if any; (3) if the association is ...
Section 19 of the Condo Act sets forth the books and records that must be maintained by the board of the association and under what circumstances such books and records are made available to a unit owner for inspection and copying.
On the flip side, board members can be held personally liable if they engage in illegal activities, breach their fiduciary duties or personally benefit from association transactions.
The Illinois inium Property Act provides the framework for the creation and governance of inium associations. inium associations may choose to incorporate as Illinois not-for-profit corporations, pursuant to Section 18.1 of the Act, but are not required to do so.