|Public Act 095-0318
||LRB095 07052 AJO 27176 b
AN ACT concerning property.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Condominium Property Act is amended by
adding Section 18.7 as follows:
(765 ILCS 605/18.7 new)
Standards for community association managers.
(a) "Community association" means an association in which
membership is a condition of ownership or shareholder interest
of a unit in a condominium, cooperative, townhouse, villa, or
other residential unit that is part of a residential
development plan as a master association or common interest
community and that is authorized to impose an assessment and
other costs that may become a lien on the unit or lot.
(b) "Community association manager" means an individual
who administers for compensation the coordination of
financial, administrative, maintenance, or other duties called
for in the management contract, including individuals who are
direct employees of a community association. A manager does not
include support staff, such as bookkeepers, administrative
assistants, secretaries, property inspectors, or customer
(c) Requirements. To perform services as a community