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Within the last 2 years there has been small but frequent (and anticipated another within 6 months) increases in our HOA Fees. Is there a formula or scale to alert an owner when the HOA Fees are getting into a "red zone" or "top-heavy" compared to the value of the individual condo unit.

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I am certainly no expert on the Bylaws or CCR's governing the Association. Hopefully the Board will take measures to improve accounting methods. I am looking for some clarification from someone that knows about these issues, ethics, regulations, guidelines and laws.

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We are a self managed complex + 55 with 72 units. We have an outside company do our books. Is it wise to have our residents mail a check to the village name OLde Canal Village Trust to the att of theTreasurer for deposit into our account. Are we playing with fire?

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A new owner moved in and refuses to pay the new owner fee of $1,000. It has been collected from new owners since 1986 with no problems. The original fee was stated only in the original "Offerng" but not in CCRs or bylaws; its increase to $1,000 was voted on and passed and in the minutes.

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My condo just got replaced with a new Management company and they replaced the the whole entire Board of Directors which were condo owners.Maybe due to inappropriate financial misplaced funds? and being that this condo has not been updated in the past 40 years?

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Do I have to pay a condo fee if association does not send me one?

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I asked for a few documents, receipts, 4 altogether, from a few years ago, which by law in Illinois I am entitled to review.

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Will the association waive quarterly fees since the condo is not cleared for occupancy due to the hurricane? I say NO WAIVER. What are your thoughts?

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I have owned a condo in a 74 unit community for 3 years joining the board 1 year ago. The property has always been self-managed by a volunteer board.

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I was just notified that beginning January 1,2018 I'd have to pay our Condo Management Payment by direct debit only! I've lived here for 18 years and always paid by check,now they say the ONLY method will be direct debit. Is this legal?

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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