What are the developers duties after the unit owners have elected their first board of managers?
Section 18.2 of the Illinois Condominium Act is very specific in requiring the developer to turn over all Association funds and an extensive list of documents and things to the new board within sixty (60) days after the date of election of the new board. Click here for a complete list of what must be turned over by the developer to the new Chicago Condominium Association under section 18.2 .
Related Questions
- Generally speaking, what is the primary goal that property owners – and therefore their real estate managers -- strive to achieve?
- Can you describe the management agreement that formalizes the relationship between real estate managers and property owners?
- How does Student Marketing Group differ from other list owners, list brokers and managers?
