---
title: Illinois condo president wants forgiveness of outstanding balances
description: "It seems that for the duties performed as president he was granted either a \"discount\" on his assessments or no assessments at all."
image: http://www.condoassociation.com/hubfs/forgive-outstanding-condo-fees.jpeg
---

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# Illinois condo president wants forgiveness of outstanding balances

| [Illinois](https://www.condoassociation.com/blog/topic/illinois) |  

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## What do you think? Question:

![forgive-outstanding-condo-fees](http://www.condoassociation.com/hubfs/forgive-outstanding-condo-fees.jpeg)Our condo association is looking to hire a management company however the president (who's been running the association for the past 4 years) would like for the management company to "forgive" all owners that have an outstanding balance and start fresh from the day they take over.

It seems that for the duties performed as president he was granted either a "discount" on his assessments or no assessments at all.

Can the management company accept the engagement with this condition?

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## What do you think? Answers (11)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Can HOA board dictate assessment terms?](https://www.condoassociation.com/blog/can-hoa-board-dictate-assessment-terms)

### [Looking for financial data on assessments and fees](https://www.condoassociation.com/blog/financial-data-on-assessments-and-fees)

### [Are assessments for specific repair or maintenance projects?](https://www.condoassociation.com/blog/tabid/19257/bid/90473/Are-assessments-for-specific-repair-or-maintenance-projects.aspx)

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