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Paid Assessment Letter Request Form for Sale

Paid Assessment Letter Request for Refinance

Certificate of Insurance may be obtained by contacting
Farmers Insurance at 847-516-0100

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.

The unit owner will notify the Managing Agent and the Board of his intention to sell his unit and shall obtain from and return to the Managing Agent requisite forms therefore.

Each unit owner shall be responsible for providing the buyer with copies of the Declaration, By-Laws, and Rules and Regulations of the Association. Any expense incurred by the Managing Agent in providing copies of these documents shall be charged to the unit owner.

Sales may be made for family living purposes only. uses such as hotel, transient, or dormitory are prohibited.

No unit shall be occupied without a copy of the sales agreement being provided to the Board and the Managing Agent.

No unit may be used for business or commercial activities.

No "For Sale" signs will be placed anywhere on the property.

The unit owner will notify Managing Agent when move-in/out dates are set. A $300.00 Move-in/out deposit will be required from the Seller and Buyer prior to the move-in/out. $50.00 of the deposit will be non-refundable to cover Association costs related to the move. Upon inspection by the Board or the Managing Agent, any damage to the common elements will be deducted from the refundable amount and the balance returned to the party moving in/out.

The unit owner will notify the Managing Agent when the sale has been closed.

If the new owner so desires, information on purchase price, financial terms of the mortgage, and other information deemed personal or confidential by the new unit owner except for the name of the owner and mortgage company and their respective addresses may be blocked out or removed from the copies provided to the Board and the Managing Agent.

In the event that the unit owner fails to cooperate with the Board is providing the information requested, the Board may suspend the rights and privileges of ownership to that unit owner until the requested information is supplied.

Owner Information - fill in form

Condominium Questionnaire
We offer our own warranty letter for this property. If this is not sufficient, there will be a $75.00 fee for the completion of your form and $150.00 if we received after the 1 week deadline and payable in advance. Condominium Questionnaires and 22.1 Disclosure Forms will be prepared in the order they are received.  Requests must be made in writing with a minimum of one week advance notice. You may send your form along with payment in certified funds or personal check to:
American Community Management, Inc.
1908 Wright Blvd.
Schaumburg, IL 60193