<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
CondoAssociation.com
Ë
HOA Software
By CondoAssociation.com • October 13, 2021

Any limits on how a special assessment can be spent?

Question pertains to Illinois Condo NW Suburbs
Property: 7 Buildings each have their own HOA for a total of 7 HOA's with 1 Master Board Association.
If an HOA for one of the buildings collects a special assessment for steel and concrete work for their own building. Are they allowed to forward the moneys collected to be used for outstanding bills owed by the Master.

Please drag open the comment box from right bottom corner to make it larger.

Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
Visit Our Sponsors
Condo Management Software
new 300x500_surety-one-ad-border
Advertise

Blog by Topics

See all

Subscribe Here!