Uncollected Assessments Can Cost Your Association Money

Under Illinois law, condominium and homeowners associations (HOAs) have the right to take possession of units when owners fall behind on assessments. Once in possession, the association may collect rent directly from current tenants or lease the unit themselves-applying the rent toward the outstanding balance. It's important to note that new buyers may only be responsible for the last six months of delinquent dues and fees, leaving your association to absorb the rest if action isn't taken.

We Can Help-At No Upfront Cost to Your Association

Our team will help you find a qualified tenant for any unit your association takes over-at no upfront cost. You only pay a commission once a tenant you approve signs a lease, completes all required paperwork, and pays all move-in fees and deposits.

Need Legal Assistance?

If your association doesn't have an attorney, we can connect you with experienced lawyers who specialize in collecting delinquent assessments for HOAs. From demand letters to litigation, these attorneys offer strong legal options to help recover what's owed. In many cases, associations can recover legal fees from the unit owner. We'll gladly provide you with a list of legal professionals to consider.

Why Choose Us?

The Chicago Apartment and Condo Leasing Team brings over 30 years of leasing experience and a proven marketing strategy that can be launched immediately. We specialize in sales and leasing-not property management-so we can work seamlessly with your current management company without any conflict of interest.

Baird & Warner It's easier here.