condo assessemnt increase

[esitu]

My condo association wants to increase the monthly assessment 32%. Is there a limit on the percent of increase each year? What can I do about this?
This is in Chicago IL.

[HomeGuru]

Originally Posted by esitu

My condo association wants to increase the monthly assessment 32%. Is there a limit on the percent of increase each year?

**A: if there is, it should be noted in your condo docs.


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What can I do about this?
This is in Chicago IL.

**A: if there is no limit noted in the condo docs and no state law, then you can't do much.