Property Ownership
In Illinois, a condominium association's power to assess unit owners for special assessments is governed primarily by:
AThe Illinois Landlord and Tenant Act
BThe Illinois Condominium Property Act✓ Correct
CLocal zoning ordinances
DThe Illinois Building Code
Explanation
The Illinois Condominium Property Act (765 ILCS 605) governs the creation, operation, and management of condominiums in Illinois. It grants condominium associations the authority to levy regular and special assessments on unit owners for common expenses. Special assessments require proper notice and sometimes a vote of the unit owners depending on the declaration and bylaws.
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