Rep. John A. Fritchey

Filed: 5/24/2005

 

 


 

 


 
09400SB0764ham002 LRB094 09375 LCB 46918 a

1
AMENDMENT TO SENATE BILL 764

2     AMENDMENT NO. ______. Amend Senate Bill 764 on page 1, by
3 replacing lines 24 through 28 with the following:
 
4     "(c) Other than attorney's fees, no fees pertaining to the
5 collection of a unit owner's financial obligation to the
6 Association, including fees charged by a manager or managing
7 agent, shall be added to and deemed a part of an owner's
8 respective share of the common expenses unless: (i) the
9 managing agent fees relate to the costs to collect common
10 expenses for the Association; (ii) the fees are set forth in a
11 contract between the managing agent and the Association; and
12 (iii) the authority to add the management fees to an owner's
13 respective share of the common expenses is specifically stated
14 in the declaration or bylaws of the Association."; and
 
15 on page 4, by replacing lines 33 through 36 with the following:
 
16         "(8) Other than attorney's fees, no fees pertaining to
17     the collection of a unit owner's financial obligation to
18     the Association, including fees charged by a manager or
19     managing agent, shall be added to and deemed a part of an
20     owner's respective share of the common expenses unless: (i)
21     the managing agent fees relate to the costs to collect
22     common expenses for the Association; (ii) the fees are set
23     forth in a contract between the managing agent and the

 

 

09400SB0764ham002 - 2 - LRB094 09375 LCB 46918 a

1     Association; and (iii) the authority to add the management
2     fees to an owner's respective share of the common expenses
3     is specifically stated in the declaration or bylaws of the
4     Association."; and
 
5 on page 5, by deleting line 1.