Legal Question in Real Estate Law in Illinois
Condominium Declaration Requirements
I have read the IL Condo Act. So I know what is required in a Condo Declaration by IL law. Where can I find a list of optional items to be considered as we review our Declaration?
1 Answer from Attorneys
Re: Condominium Declaration Requirements
I am not sure what you mean by "optional" items. By that do you mean, say, the amount of late fees for tardy assessment payments and a variety of other issues that would apply only to the condo. in question? If so, I do not know of such an "optional" list; rather, one may include any item in a declaration as long as it does not run afoul of the statute.
In some ways, although you did not say it, it seems as though you want an opinion about whether certain non-required items are reasonable and/or lawful. If so, you will probably need the advice of an attorney.
-- Kenneth J. Ashman; Ashman Law Offices, LLC; [email protected]