Uncollected assessments could cost your association money

Illinois law allows condominiums and homeowners associations to take possession from owners of units who do not pay assessments or other charges. It allows associations to collect rent from existing tenants or rent the unit and apply the rent against assessments and other charges. A new owner may only be required to pay the last six month of delinquent dues and fees.

We will find your new tenant at no upfront cost to your association. We are only due a commission when the new tenant, you approve, has signed a lease, completed required paperwork and paid all the fees and or deposits required to move in.

If your association does not have an attorney that you work with, we know several attorneys that work with HOA's regularly to handle delinquent unit owners. From a demand letter to litigation to remove the owner, there are some strong options for HOAs and most of them allow for the HOA to have the unit owner pay the Association attorney's fees. We can give you that list so reach out to them and find one that meets your needs.

Baird & Warner is a family owned real estate firm serving Chicago since 1855. Chicago Apartment and Condo Leasing Team brings over thirty years of leasing experience and a proven marketing plan that can be started the day we meet.  Our business is sales and leasing not property management so we work for and with your management business without conflicts.

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Tim Brent
Leasing - Sales
Licensed Managing Broker
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Baird & Warner Lincoln Park
2526 N Lincoln Ave
Chicago, IL 60614