Illinois – Some boards overreach in handling late fees

Some boards overreach in handling late feesYour Community News & Weather loading… Article posted: 11/9/2013 12:32 AM Q. Our condominium association imposes a $25 late charge every month that an owner’s account has an open balance. Is this permitted? A. The board may absolutely impose charges for late payment of a unit owner’s proportionate share of the common expenses.

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