<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Arlington Heights IL condo association needs rental cap


Our condo association has 190 units. Of the 190 units, at least 90 are rentals and we have no rental cap. The number of rentals has more than doubled since the property values took a plunge a number of years ago. When I bought my condo 11 years ago, I bought it because it was a condo and now I feel I am living in a rental community which is not why I bought. Doesn't the Board have a fiduciary duty to the owners to get a rental cap in place? Our property values are much lower than similar condos in the area that have a rental cap. Of the 5 Board members, 3 rent out their units.  Arlington Heights IL.

Answers (7)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.