The Illinois Condominium Property Act provides that the Developer of a new condominium must turn over control of the condominium association and deliver specified records when 75% of the units have been sold.
The control turn over process is often a stressful, bewildering and perilous process for the homeowner and fledgling board members of new condominium associations, especially those associations too small for ongoing professional management or those managed by a developer affiliated or controlled management company.
For an affordable one time fixed fee, Windy City Management now offers a valuable package of services to assist new Chicago condominium associations in getting off to the right start. These services can be tailored to the needs of the new association and include:
Over the last several years, both experienced and completely unexperienced developers have created literally hundreds of new Chicago condominium associations, large and small. Unfortunately and far too frequently, some developers have left new associations in the lurch, without turning over all funds to which the new association is entitled and without turning over proper accounting and other records, and providing no assistance in the process of establishing an effective and proper condominium regime. Further, these same developers have often left new associations with incomplete or improperly completed common areas, with no Certificate of Occupancy from the local municipal authorities and at times, even with open building code violations.
Windy City saw the need of the new Unit Owners and Board Members of these fledgling associations and now offers both full management services even to small, start up associations as well, as a unique new package of services to assist new associations in the process of developer turnover of control.
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Windy City Management is a Chicago professional property management firm which provides a wide range of property managment services to Chicago Condominium Associations, Chicago Townhome Associations, Chicago Commercial or retail Property Owners, and Chicago Residential Property Owners
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FOR ANSWERS TO SOME FREQUENTLY ASKED QUESTIONS (FAQS)
POSED BY MEMBERS OF NEW CHICAGO CONDOMINIUM ASSOCIATIONS, JUST CLICK HERE
(773) 394-6400, ext 101#
Contact Chicago Certified Property Manager Marsha Erenberg now at (773) 394-6400, Ext. 2 or on her cell phone (312-841-1012) to discuss how Windy City Mangement can assist your new Association in getting off to the right start and in meeting its professional property management needs
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