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Paid Assessment Letter Request for a Sale Paid
Assessment Letter Request for a Refinance Sales: ALL owners must notify the Association of their intent to sell 30 days in advance of the intended sale date. The Association will provide you with a Paid Assessment Letter which you will need to present to the title company to clear your title of any liens for unpaid Association dues. Service
Charge: The Management Company reserves the
right to charge homeowners a processing fee for all sales, leases, and
requests for refinancing. Additional charges apply for less than a 30-day
notice of sale. In accordance with Section 22.1 (g) of the Illinois Condominium Property Act, the Unit Owner is responsible for making the following information available for inspection by a prospective purchaser, upon demand. The Association (or its Managing Agent) will furnish such information to any Unit Owner submitting a written request, within thirty (30) days of receiving the request. A copy of
the Declaration, Bylaws, and Rules & Regulations Fees. The Association will charge a fee for the cost of this service. However, in the event a request is made that requires this information to be provided in less than the thirty (30) day period provided by statute, the Association will charge the Unit Owner an additional fee. Information for the Association Attorneys. In the event of a contract for the sale of a unit, the seller is responsible for notifying the Association (or its Managing Agent) of the names, addresses, telephone and fax numbers for any attorneys who may be requesting information on behalf of the seller or purchaser. Closing. The Association must be notified by the seller (or the seller's attorney) of the closing date and the name(s) of the new Unit Owner(s). Lock boxes
are not allowed.
Condominium
Questionnaire
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