Barnett Law Firm, Ltd.

 

40 DuPage Court, Suite 306
Elgin, Illinois 60120             
Telephone: (847) 931-2436 
(312) 441-9026 
Facsimile:   (847) 468-0408 

 

Duties and Authority of
Condominium Board

(arranged alphabetically)
by:Jeffrey A. Goldberg

Many new board members have asked for a primer that states in one place what are their duties and by what authority do they operate. This table is a hyper-linked explanation of all of the basic rights and
duties of a condominium board.

(INSTRUCTIONS: Click item for explanation; click reference number for actual text of the law)

Description

Reference to Condominium
Property Act

to access units for emergency repair 18.4(j)
to act as representative of unit owners 9.1 (b)
to adopt rules and regulations 18.4(h), 18(l)
to approve subdivision or combination of units 31
to assess for additions or alterations, if authorized 18(a)(8)(v)
to assess fines 18.4(l)
to assess late fees 18.4(l)
to assess separately expenses not in the budget 18(a)(8)(iii)
to assign future income 18.4(m)
to bid at unit mortgage foreclosure sale 9(i)
to call special meetings 18(a)(19) and 18(b)(5)
to collect assessments 18.4(d)
to comply with insurance requirements 12
to conduct annual meeting and election 18(b)(3)
to conduct merger or consolidation if authorized 18(b)(13)
to correct scrivener's errors in declaration 27(b)(1)
to disclose waiver of reserves, if waived by members 9(c)(4)
to elect officers 18 (c)(d)(e)
to enforce declaration/bylaws against tenants 18(n)(i)
to enforce declaration/bylaws against unit owners 9.2
to enter contracts with board member 18(a)(16)
to establish system of master metering of public utilities 18(a)(20)
to exercise the care of a corporate fiduciary 18.4
to fill board vacancies 18(a)(13)
to give notice of board meetings to board members 18(a)(15)
to give notice of board meetings to owners 18(a)(9)
to give notice of owners' meetings to owners 18(b)(6)
to give special notice/adopt budget or special assessment 18(a)(8)(i)
to hire managing agent 18(a)(5)
to hire personnel to carry out work 18.4(e)
to hold closed meetings when appropriate 18(a)(9)
to hold open meetings (at least four times per year) 18(a)(10)
to keep financial records 18.4(i)
to levy and expend assessments 18.4(c)
to maintain books and records and make available 19
to maintain common elements 18.4(a)
to maintain reasonable reserves 9(c)(2)
to make emergency expenditures 18(a)(8)(iv)
to obtain fidelity bond 18(g)
to obtain insurance 12, and 18.4(f)
to operate the association 18.3
to organize not for profit corporation 18.1(a)
to own and sell real estate if authorized 18.4(g) but see 18(b)(13)
to pay taxes 18.4(k) but see Sec 10
to pledge or mortgage assets 18.4(m)
to prepare and distribute annual budget 18.4(b), & Sec. 9, 18(a)(6) & 18(a)(8)(i)
to prepare multi-year budgets 18(a)(8)(vi)
to provide annual itemized accounting 18(a)(7)
to provide statement to encumbrancer 9(j)
to provide statement to unit owner 18(i)
to reasonably accommodate need of disabled 18.4(q)
to record amendments to declaration or bylaws 17(b)
to record authorized dedication 14.2, 18(n)
to record authorized easement for cable TV 14.3, 18(o)
to record lien for delinquent assessments 9(h)
to seek tax relief if authorized 10(c), 18(p)
to sell, lease or exchange substantially all assets 18(b)(13)
to supply information to purchasers of units 22.1

©2001, Jeffrey A. Goldberg, Ltd.

 


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