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Therefore, if you need legal advice, we encourage you to consult an attorney of your choice. Which Law Governs My Association? Most homeowners associations are governed by either the Illinois Condominium Property Act or the Illinois Common Interest Community Association Act.
How to Add New Rules and Regulations to Existing Bylaws in Your Condo CommunitySTEP 1: LOOK FOR AREAS OF THE COMMUNITY THAT NEED SET GUIDELINES.STEP 2: DISCUSS COMMITTEE IDEAS AND DECIDE WHICH RULES SHOULD BE ADOPTED.STEP 3: INTEGRATE THE RULES INTO YOUR OPERATIONS.STEP 4: ENFORCE THE RULES.
As mentioned above, the vote approving dissolution by the members of the HOA is only one of the steps in the process of dissolving an HOA. In general, a filing with the Secretary of State is generally required to show the legal formality of the dissolution.
The Condo Rules clarify the legal mechanisms for ascertaining ownership of a condominium unit as well as for transferring ownership to subsequent owners. The 'legal owner' is the person whose name is on the condominium registration certificate issued by the Condominium Registrar (rule 41 of the Condo Rules).
Illinois Department of Financial and Professional Regulation (DFPR) - The Department is responsible for the licensure, education, and discipline of real estate professionals in Illinois, including community association managers and community association management firms. 225 ILCS 427/30, 225 ILCS 427.
The Illinois Condominium Property Act provides the framework for the creation and governance of condominium associations. Condominium 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.
Call the Toll Free Number You may call the CCIC Ombudsperson on its toll free number at 844.856. 5193.
Registration with the HLURB. - Every association of homeowners shall be required to register with the HLURB. This registration shall serve to grant juridical personality to all such associations that have not previously acquired the same by operation of the General Corporation Law or by any other general law.
More Definitions of Condominium Rules Condominium Rules means the Rules for the use of the Premises that are adopted from time to time by the Board of Directors.