Rock Island County, IL HOA Rules: Assessment & Dues (2026)

272, "Covenant for Maintenance Assessment," makes the annual assessment both a personal obligation of whoever owns an improved lot when it falls due and a continuing lien against the lot itself; the obligation does not pass automatically to a buyer unless the buyer expressly assumes it. 2 ties the assessment to the county's basin-maintenance mandate: the Association's Board of Directors must set a budget by January 1 of each year and levy the assessment on each improved lot by February 1, payable by May 1.

4 requires that rate be uniform across every improved lot in the subdivision, collected on an annual installment basis. 5 lets the Board fix the amount at least 30 days before the assessment period and requires written notice to every owner before it is due. 6: any payment more than 30 days late accrues interest at 10% per annum, and the Association may sue the owner personally or foreclose the assessment lien in equity; if the Association waives a deficiency judgment, the Illinois statutory redemption period shrinks to six months from the foreclosure sale.

A lot the Association acquires through a foreclosure judge's deed must be resold within a reasonable time, with any surplus after assessments, interest, costs and attorney's fees returned to the former owner. 7 subordinates the assessment lien to a first mortgage, though a foreclosure or transfer never wipes out a delinquent owner's personal liability for assessments that came due before the transfer.