Schaumburg — Ch. 123 Rental License, Association License and Vacant Building Registration § 123.03
ASSOCIATION LICENSE REQUIRED
Operative Text
(A) Residential Association Required to Obtain an Association License: It shall be unlawful for a condominium, townhouse, or homeowners' association to operate within the village without first obtaining an association license issued by the department of finance for the specific location. (B) Submit a List of Rental Dwelling Units Annually: A current list of individual rental dwelling unit owners within the property shall be provided annually to the department of finance by the association. The list shall include the address of each rental dwelling unit and the name and address of the owner or person in control of each rental dwelling unit. (C) Requirements: Residential associations shall comply with all requirements of subsections 123.02 (B), (C) and (F) of this chapter.
Schaumburg Ch. 123 § 123.03 requires that any condominium, townhouse, or homeowners' association operating within the village hold a valid association license issued by the Department of Finance before conducting operations. In addition to obtaining that license, associations must submit an updated list of rental dwelling unit owners to the Department of Finance every year, including each unit's address and the name and address of its owner or controlling person. Associations are also bound by the general requirements set out in § 123.02(B), (C), and (F) of the same chapter.
Plain English — not legal advice.
Property managers and boards overseeing condominium, townhouse, or homeowners' associations in Schaumburg generally ensure that an association license from the Department of Finance is secured before the association begins operating, as required by § 123.03(A). Compliant associations maintain an accurate, up-to-date roster of all rental dwelling unit owners—including addresses and owner contact information—and submit that roster to the Department of Finance on an annual basis per § 123.03(B). Operators also review and satisfy the cross-referenced requirements of § 123.02(B), (C), and (F) to remain in full compliance with Ch. 123.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
If you live in a condominium, townhouse, or HOA community in Schaumburg, § 123.03 gives you context for understanding your association's legal obligations: the association is required to be licensed and to report rental unit ownership information to the village's Department of Finance each year. If you believe your association is operating without a required license or has failed to meet its annual reporting duties, you may contact the Schaumburg Department of Finance to inquire about the association's compliance status. Tenant-rights organizations familiar with Illinois municipal housing regulations can help you understand what remedies or protections may be available under Ch. 123.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 6, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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