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"Ask the Expert"
Is my house-sitting cousin considered a renter?
Q. I have accepted a two year job assignment in Ohio. I am not willing to let my condo in Chicago sit vacant. However we have a 15% rule in place on rentals which is met.
Is there a legally required reserve fund percentage for a 6-unit condo?
Q. For a 6-unit condo, is there by law a reserve fund percent that is needed?
When are meeting minutes required?
Q. When owners attend association related meetings, should the Board take minutes for future reference? Board meetings are usually video recorded. I am unable to find other meeting minutes.



