This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condo Bylaws Vs. Rules And Regulations In Illinois
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The regulation of Homeowners Associations in Illinois falls under the oversight of the Illinois Department of Financial and Professional Regulation. However, HOAs are also subject to federal laws and regulations, as well as their own governing documents.
Most homeowners associations are governed by either the Illinois inium Property Act or the Illinois Common Interest Community Association Act.
Sec. 33. Limitations on the use of smoking cannabis. The inium instruments of an association may prohibit or limit the smoking of cannabis, as the term "smoking" is defined in the Cannabis Regulation and Tax Act, within a unit owner's unit.
Understanding Illinois Homeowners' Association Law AspectKey Takeaway HOA Powers Power to regulate common areas, collect charges, levy fines, and foreclose on homes for unpaid liens. Entry to Property Most governing documents allow HOA entry to homes for maintenance under certain conditions.6 more rows
General amendments to inium instruments are governed by Section 27 of the Illinois inium Property Act, which states that an affirmative vote of 2/3 of voting unit owners must approve amendments, unless the inium instruments provide for some other majority vote somewhere between 50% and 75%.