Educating Condo Owners

Rogers Park resident Brian White wrote an interesting article a few weeks back. It is still timely. It's an informative read, whether you are an owner or a prospective owner. The article is part of a series of articles about housing issues in Rogers Park by Brian White of Lakeside CDC. For many new buyers, owning a condo and being part of an association is an entirely foreign concept. Lacking the experience, new condominium owners may not understand how to deal with common issues that affect associations, such as how to manage effective meetings, the responsibilities of the board, and how to generate interest in collective decision-making among people who see themselves as individual and distinct owners. Other issues that may arise have to do with preparing an association budget, collecting assessments and dealing with investors who rent units in a building that is primarily owner-occupied. FULL ARTICLE...