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Leasing restrictions of condominium and townhome associations

Arnstein & Lehr attorney Allan Goldberg

Allan Goldberg

Arnstein & Lehr Chicago Partner and Condominium & Community Associations Practice Group member Allan Goldberg discusses leasing restrictions in his most recent article. In the article Mr. Goldberg states, “…because of a tough and precipitous drop in the economy, many more individual condominium and townhome buyers have been confronted with certain leasing limits contained in guidelines established by FHA, Fannie Mae, and other active players in the secondary mortgage market-place.”

The article includes Illinois case law on the matter and hardship exceptions.

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