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Rep. John A. Fritchey
Filed: 5/24/2005
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09400SB0764ham002 |
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LRB094 09375 LCB 46918 a |
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| AMENDMENT TO SENATE BILL 764
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| AMENDMENT NO. ______. Amend Senate Bill 764 on page 1, by |
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| replacing lines 24 through 28 with the following:
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| "(c) Other than attorney's fees, no fees pertaining to the |
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| collection of a unit owner's financial obligation to the |
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| Association, including fees charged by a manager or managing |
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| agent, shall be added to and deemed a part of an owner's |
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| respective share of the common expenses unless: (i) the |
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| managing agent fees relate to the costs to collect common |
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| expenses for the Association; (ii) the fees are set forth in a |
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| contract between the managing agent and the Association; and |
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| (iii) the authority to add the management fees to an owner's |
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| respective share of the common expenses is specifically stated |
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| in the declaration or bylaws of the Association."; and
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| on page 4, by replacing lines 33 through 36 with the following:
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| "(8) Other than attorney's fees, no fees pertaining to |
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| the collection of a unit owner's financial obligation to |
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| the Association, including fees charged by a manager or |
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| managing agent, shall be added to and deemed a part of an |
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| owner's respective share of the common expenses unless: (i) |
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| the managing agent fees relate to the costs to collect |
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| common expenses for the Association; (ii) the fees are set |
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| forth in a contract between the managing agent and the |