Westward Property Management http://www.westwardmanagement.com Sun, 21 Apr 2013 23:23:37 +0000 en-US hourly 1 http://wordpress.org/?v=3.5 We have two parking spaces. Our neighbor wants to buy one of the spaces. Can we sell it to him? http://www.westwardmanagement.com/we-have-two-parking-spaces-that-are-called-limited-common-elements-and-are-assigned-to-us-our-neighbor-wants-to-buy-one-of-the-spaces-can-we-sell-it-to-him/ http://www.westwardmanagement.com/we-have-two-parking-spaces-that-are-called-limited-common-elements-and-are-assigned-to-us-our-neighbor-wants-to-buy-one-of-the-spaces-can-we-sell-it-to-him/#comments Thu, 21 Mar 2013 19:13:00 +0000 admin http://www.westwardmanagement.com/?p=1302 Continue reading →]]> Unless otherwise prohibited in the Declaration, owners may transfer Limited Common Elements or portions of units amongst themselves at their own risk. In order to do this, you must notify the Board and record an instrument against the property.

(Source: knslaw.com)

]]> http://www.westwardmanagement.com/we-have-two-parking-spaces-that-are-called-limited-common-elements-and-are-assigned-to-us-our-neighbor-wants-to-buy-one-of-the-spaces-can-we-sell-it-to-him/feed/ 0 My apartment building is being converted to a condominium. Must I be given the right to purchase it? http://www.westwardmanagement.com/my-apartment-building-is-being-converted-to-a-condominium-must-i-be-given-the-right-to-purchase-it/ http://www.westwardmanagement.com/my-apartment-building-is-being-converted-to-a-condominium-must-i-be-given-the-right-to-purchase-it/#comments Thu, 21 Mar 2013 19:11:57 +0000 admin http://www.westwardmanagement.com/?p=1300 Yes. Upon the conversion of an apartment building to a condominium, the tenant has the right, within a certain time period, to purchase the unit on the same terms as is being offered to the public.

(Source: knslaw.com)

]]> http://www.westwardmanagement.com/my-apartment-building-is-being-converted-to-a-condominium-must-i-be-given-the-right-to-purchase-it/feed/ 0 One of our unit owners wants to see our condominium bank records. Do we have to let him see the records? http://www.westwardmanagement.com/one-of-our-unit-owners-wants-to-see-our-condominium-bank-records-do-we-have-to-let-him-see-the-records/ http://www.westwardmanagement.com/one-of-our-unit-owners-wants-to-see-our-condominium-bank-records-do-we-have-to-let-him-see-the-records/#comments Thu, 21 Mar 2013 19:10:21 +0000 admin http://www.westwardmanagement.com/?p=1298 Continue reading →]]> Yes. An owner in a condominium association has the right to see essentially all of the records of the condominium association, including expenditures, vouchers and the like. The only items that the association may be able to prohibit a unit owner from seeing are confidential opinions between the association’s attorney, personnel records, delinquent assessments and similar sensitive information.

(Source: knslaw.com)

]]> http://www.westwardmanagement.com/one-of-our-unit-owners-wants-to-see-our-condominium-bank-records-do-we-have-to-let-him-see-the-records/feed/ 0 Can our condominium Board charge late charges for late payment of assessments? http://www.westwardmanagement.com/can-our-condominium-board-charge-late-charges-for-late-payment-of-assessments/ http://www.westwardmanagement.com/can-our-condominium-board-charge-late-charges-for-late-payment-of-assessments/#comments Thu, 21 Mar 2013 19:09:35 +0000 admin http://www.westwardmanagement.com/?p=1296 Yes. The Illinois Condominium Property Act provides that the Board may charge late charges for payment of assessments. However, these late charges must be reasonable.

(Source: knslaw.com)

]]> http://www.westwardmanagement.com/can-our-condominium-board-charge-late-charges-for-late-payment-of-assessments/feed/ 0 Can our condominium Board borrow money to make repairs in the association? http://www.westwardmanagement.com/can-our-condominium-board-borrow-money-to-make-repairs-in-the-association/ http://www.westwardmanagement.com/can-our-condominium-board-borrow-money-to-make-repairs-in-the-association/#comments Thu, 21 Mar 2013 19:08:49 +0000 admin http://www.westwardmanagement.com/?p=1294 Yes. The Illinois Condominium Property Act now provides that the Board may borrow money and pledge the future assessments of the unit owners as collateral for the loan.

(Source: knslaw.com)

]]> http://www.westwardmanagement.com/can-our-condominium-board-borrow-money-to-make-repairs-in-the-association/feed/ 0 The Board has the exclusive right to adopt the Rules and Regulations of a condominium association. However, each Board is required to give written notice of the proposed Rules to each owner and a meeting of the owners must be called to allow their input, prior to the Board adopting them. http://www.westwardmanagement.com/the-board-has-the-exclusive-right-to-adopt-the-rules-and-regulations-of-a-condominium-association-however-each-board-is-required-to-give-written-notice-of-the-proposed-rules-to-each-owner-and-a-meet/ http://www.westwardmanagement.com/the-board-has-the-exclusive-right-to-adopt-the-rules-and-regulations-of-a-condominium-association-however-each-board-is-required-to-give-written-notice-of-the-proposed-rules-to-each-owner-and-a-meet/#comments Thu, 21 Mar 2013 19:07:58 +0000 admin http://www.westwardmanagement.com/?p=1292 Continue reading →]]> Yes. The Board of the Association has the right under the Illinois Condominium Property Act to have access to the units to make repairs to the Common Elements, or to make emergency repairs to protect the common elements or other units.

(Source: knslaw.com)

]]> http://www.westwardmanagement.com/the-board-has-the-exclusive-right-to-adopt-the-rules-and-regulations-of-a-condominium-association-however-each-board-is-required-to-give-written-notice-of-the-proposed-rules-to-each-owner-and-a-meet/feed/ 0 Who establishes the Rules and Regulations for the condominium association? http://www.westwardmanagement.com/who-establishes-the-rules-and-regulations-for-the-condominium-association/ http://www.westwardmanagement.com/who-establishes-the-rules-and-regulations-for-the-condominium-association/#comments Thu, 21 Mar 2013 19:06:51 +0000 admin http://www.westwardmanagement.com/?p=1289 Continue reading →]]> The Board has the exclusive right to adopt the Rules and Regulations of a condominium association. However, each Board is required to give written notice of the proposed Rules to each owner and a meeting of the owners must be called to allow their input, prior to the Board adopting them.

(Source: knslaw.com)

]]> http://www.westwardmanagement.com/who-establishes-the-rules-and-regulations-for-the-condominium-association/feed/ 0 Is our condominium Board required to repair the Common Elements of our condominium association? http://www.westwardmanagement.com/is-our-condominium-board-required-to-repair-the-common-elements-of-our-condominium-association/ http://www.westwardmanagement.com/is-our-condominium-board-required-to-repair-the-common-elements-of-our-condominium-association/#comments Thu, 21 Mar 2013 19:03:34 +0000 admin http://www.westwardmanagement.com/?p=1284 Yes. The Board of the condominium association has a duty to repair and maintain the Common Elements.

(source: knslaw.com)

]]> http://www.westwardmanagement.com/is-our-condominium-board-required-to-repair-the-common-elements-of-our-condominium-association/feed/ 0 We want to remove one of the Board members in our condominium association. How do we accomplish this? http://www.westwardmanagement.com/we-want-to-remove-one-of-the-board-members-in-our-condominium-association-how-do-we-accomplish-this/ http://www.westwardmanagement.com/we-want-to-remove-one-of-the-board-members-in-our-condominium-association-how-do-we-accomplish-this/#comments Tue, 15 Jan 2013 23:14:10 +0000 admin http://www.westwardmanagement.com/?p=1110 The Illinois Condominium Property Act specifies that the By-Laws of the association must contain provisions for removal of members of the Board. If the By-Laws are silent, you can refer to the Illinois General Not-For-Profit Corporation Act.

(source: knslaw.com)

]]> http://www.westwardmanagement.com/we-want-to-remove-one-of-the-board-members-in-our-condominium-association-how-do-we-accomplish-this/feed/ 0 As a condominium owner, am I required to purchase insurance for my unit? http://www.westwardmanagement.com/as-a-condominium-owner-am-i-required-to-purchase-insurance-for-my-unit/ http://www.westwardmanagement.com/as-a-condominium-owner-am-i-required-to-purchase-insurance-for-my-unit/#comments Tue, 15 Jan 2013 23:13:48 +0000 admin http://www.westwardmanagement.com/?p=1108 Continue reading →]]> The condominium association purchases the insurance to cover the units in case of fire or other casualties. However, you should purchase insurance to cover the improvements, internal fixtures and your own personal belongings. In addition, you should purchase insurance to cover yourself against liability, if, for example, someone was injured in your unit.

(source: knslaw.com)

]]> http://www.westwardmanagement.com/as-a-condominium-owner-am-i-required-to-purchase-insurance-for-my-unit/feed/ 0