Condo Q&A

Does Illinois Condo Act allow board to deny financials to HOA owners

Written by stephen polinsky | Mon, Nov 28, 2011 @ 01:52 PM

I recently requested from our property manager information pertaining to the miscellaneous expenses reported to the last homeowners meeting. I was told by our property manager at the meeting that the information would be provided to me when I contact him. After several futile attempts to obtain this information, I learned that the board of directors denied my request in accordance to the Illinois Condominium Act. I find this rather disturbing that the board of directors can deny any request, if they deem so. Isn't it a legal obligation for the property manager/board of directors to provide specific requested information pertaining to the financial report that homeowners receive each month. These financial monthly reports provide only the expense amounts per category. No explanation or details are provided on these reports. Is the property manager/ board of directors in direct violation to the Illinois Condominium Act by not responding to me in a timely matter, or not responding at all.