Asked by ndan529, Chicago, IL • Thu May 9, 2013
The condo I want to buy has no established HOA, but still have assessment fees. the neighbor tells me that there is 5 units - 3 are owned and rented out by one person, 1 owner I spoke with, and 1 foreclosed which I intend to buy. The neighbor tells me that they write a check to the other guy and they hire people to take care of common areas. HOWEVER, I saw a ticket from sanitation inspection and the neighbor said the services are lax. I do not have any documents on the property. Can I stop paying assessment and push the investor to start an association? Is there grounds for lawsuit against me in this case?
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