A condominium association is an association of unit owners in a condominium building. The association elects a board of directors, which handles the maintenance and repair of common areas, disputes among unit owners, and enforcement of rules and regulations, and condominium fees. The rules and regulations are normally adopted by the board of directors of the association.
Wyoming Rules and Regulations of an Association of Owners of a Condominium Association
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FAQ
Most homeowners associations are governed by either the Illinois Condominium Property Act or the Illinois Common Interest Community Association Act.
You may submit your inquiry to the CCIC Ombudsperson by completing the Inquiry Form, a fillable PDF, and then emailing it to FPR.CCICO@illinois.gov. You may call the CCIC Ombudsperson on its toll free number at 844.856. 5193.
HB 5246 ? Document request, deadlines, and fees Starting January 1, 2023, House Bill 5246 will reduce the timeframe for condominium associations in Illinois to provide certain disclosures under Section 22.1 of the Illinois Condominium Property Act (unit resales) from 30 to 10 business days.
Although there is no statute that specifically regulates homeowners associations, the Wyoming Nonprofit Corporation Act applies to HOAs that incorporate as non-profits. Under this Act, associations must allow members to copy and inspect association records under certain conditions (Sections 17-19-1601 to 17-19-1630).
HOA communities are governed by the Illinois Common Interest Community Association Act. Read our article Residential Real Estate Checklist for more information on what to look for when buying a property, including HOA laws.
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.