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Treatment of delinquencies in Chicago condo associations

Treatment of Delinquent Owners in Chicago Condominium Associations If your condominium association has unit owners that have become past-due in the payment of their monthly assessments the Board must decide how to proceed. As a board member it is your legal duty to protect the financial health of the condo association. While many board members find this uncomfortable, in some cases this means taking legal action against a delinquent unit owner. This involves using the courts to force repayment of the owner's unpaid assessments. If no action is taken the eventual outcome is almost certainly that the other unit owners will...

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