SB0764ham002 94TH GENERAL ASSEMBLY

Rep. John A. Fritchey

Filed: 5/24/2005

09400SB0764ham002 LRB094 09375 LCB 46918 a

AMENDMENT TO SENATE BILL 764

AMENDMENT NO. ______. Amend Senate Bill 764 on page 1, by replacing lines 24 through 28 with the following:

"(c) Other than attorney's fees, no fees pertaining to the collection of a unit owner's financial obligation to the Association, including fees charged by a manager or managing agent, shall be added to and deemed a part of an owner's respective share of the common expenses unless: (i) the managing agent fees relate to the costs to collect common expenses for the Association; (ii) the fees are set forth in a contract between the managing agent and the Association; and (iii) the authority to add the management fees to an owner's respective share of the common expenses is specifically stated in the declaration or bylaws of the Association."; and

on page 4, by replacing lines 33 through 36 with the following:

"(8) Other than attorney's fees, no fees pertaining to the collection of a unit owner's financial obligation to the Association, including fees charged by a manager or managing agent, shall be added to and deemed a part of an owner's respective share of the common expenses unless: (i) the managing agent fees relate to the costs to collect common expenses for the Association; (ii) the fees are set forth in a contract between the managing agent and the Association; and (iii) the authority to add the management fees to an owner's respective share of the common expenses is specifically stated in the declaration or bylaws of the Association."; and

on page 5, by deleting line 1.