condo assessment

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What You Need to Know About Being a Condo Owner

What You Need to Know About Being a Condo Owner

By Ilyce Glink| 2018-11-15T09:27:13-05:00 November 15th, 2018|

What you need to know about being a condo owner: from the condominium association to voting on assessments, what’s expected of the owners? Q: As a new condo owner for last two years, I have enjoyed your recent column in our newspaper on condominium issues. I own a small condominium in a mid-sized building in [...]

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How are Condo Assessments Determined?

How are Condo Assessments Determined?

By Ilyce Glink| 2018-10-26T16:27:46-05:00 October 26th, 2018|

This reader wants to know how condo assessments are determined because they don’t think their building developer got the ownership percentage split right. Q: Our building has six units, all the same size and layout. It is located in Illinois. The assessment percentage was designated by the builder and laid out in the declaration of [...]