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condo assessemnt increase

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E

esitu

Junior Member
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.
 


H

HomeGuru

Senior Member
esitu said:
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.
Click to expand...
**A: if there is no limit noted in the condo docs and no state law, then you can't do much.
 
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