Property Ownership

Under the Illinois Condominium Property Act, what vote is typically required for a condominium association to pass a special assessment above a certain threshold?

ASimple majority of the board of managers
BA majority or supermajority vote of unit owners as specified in the declaration and bylaws✓ Correct
CUnanimous consent of all unit owners
DApproval by the Illinois Department of Financial and Professional Regulation

Explanation

The Illinois Condominium Property Act provides that special assessments may require a majority or supermajority vote of unit owners (depending on the amount and the association's declaration and bylaws). The board of managers may have authority to levy special assessments up to certain limits without owner approval, but larger assessments typically require unit owner approval. This protects unit owners from excessive assessments imposed solely by the board.

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