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PACE 4 • PLA1NDEALER HER ALP, FRIDAY, OCTOBER 19,1984 Business Read fine print in condo By Yvonne Beer, Executive vice- president, McHenry County Board of Realtors If you're thinking about buying your first condominium, it's im­ portant to balance the benefits against potential liabilities and restrictions. Condominiums ap­ peal mostly to young people wishing to break into the housing market and older couples whose children have left home. Con­ dominiums also are popular as se­ cond homes in the mountains, the vfoods or at the seashore. . In general, the purchase of a condominium includes buying a residential unit and sharing in the common facilities which include tfie hallways, laundry room, pro­ perty, roads0 and perhaps a clubhouse, swimming pool or ten- nps courts. In addition to the mor­ tgage payment, there is generally a monthly condominium fee to cover maintenance costs for these areas. While there are financial and tax benefits, there are some drawbacks involved in owning a condominium. A condominium in­ cludes both individual and shared property rights, so there may be rules, for example, which prohibit ealtors ECORD peT s or the use of a grill on your balcony. Before you buy a-condominium, check the association's bylaws and the master deed for restric­ tions on how you can use the pro­ perty. The bylaws are written to serve the interest^ of all owners and the community. Be sure you understand how the condominium documents may affect your lifestyle and your ability to resell the unit {n the future If you are considering a con­ dominium, make note of the condi­ tion of the surrounding property. If it looks like the roof might need to be replaced, keep in mind that all owners share in replacement costs for common elements. For this reason, it is important to look at the finances of the con­ dominium. If there is no budget to cover roof replacements, you may be affected by a special assess­ ment placed on all unit owners to cover the costs for such roof replacements. A condoiminium association should budget for major repairs and have funded reserves for emergency replacements. When reviewing the financial status of the association, check to see if the maintenance fees are current for the unit you are buying. Other­ wise, unpaid fees may become your responsibility. S o m e c o n d o m i n i u m developments lease their common facilities instead of owning them. If this is the case, future increases in lease payments could affect your monthly condominium fee. Make a point of visiting the com­ plex on your own and ask residents how they feel about their home, the neighborhood and the responsiveness of the con­ dominium association to meeting their needs as individuals. The majority of condominium associations are well run, but you should review all of the con­ dominium documents before you sign a purchase agreement. If you decide to buy, you may wish to become directly involved in the activities of the association by at­ tending meetings or by becoming a member of the board of direc­ tors to better protect your in­ terests. Schultek is promoted Tax 8eminar siated at the college Hpln ic flvflilahlp fnr tHnco Rticinocc AHminictr Robert D.. Schultek has recently been named president aihd chief executive officer of RAE Corporation, a leading manufacturer of D. C. motors and control systems located in McHenry. Prior to his ap­ pointment, hte was senior vice- president of Marketing, joining RAE Corporation in June, 1983. Schultek came to RAE from Reliance Electric Company in Cleveland, Ohio, where,his extensive motor and control experience included respon­ sibilities as product manager for D. C. motors, product marketing specialist for medium A. C. motors, agriculture industry marketing manager and sales engineer. \ .. * Schultek attended the University of Notre Dame, South Bend, Ind., where he earned a B. S. in Electrical Engineering. He currently resides in Crystal Lake with his wife Nancy and daughter Erin. Help is available for those whose dreams feature profit and loss statements shrouded in a mist of government forms. McHenry County College is sponsoring a Small Business Tax Seminar Nov. 7, at Rt. 14 & Lucas Road, Crystal Lake. ' Representatives from the Internal Revenue Service, Small Business Administration, Illinois Department of Revenue, Illinois Department of Labor and the Illinois Department of Commerce and Community Affairs in cooperation with local community colleges and chambers of commerce are presenting seminars in nine northern Illinois locations. DREAMSCAPE (PG-13) Starrlnn DENNIS QUAID& KATECAPSHAW A science-fiction adventure about a young man with pyschic powers who finds himself participating in other peo­ ple's dreams. Fri. 7:1049 Sit. A Sun. 1:10,3:00,7:10,9:00 mion.-thuri.7A9 Fri. 7 A 9:10 Sit. A Sun. 1,3:10,7,9:10 Mon.*THurt.7A9:10 BIG DISCOUNTS BIG DISCOUNTS BIG DISCOUNTS BIG DISCOUNTS BIG DISCOUNT 1 m.% BR'sSSMI a\G" ) ARANCE ALL '84 BUICKS PRICED FOR IMMEDIATE DELIVERY NEW '84 CENTURY STOCK NO. 713 WAS $11,769 STOCK NO 667 WAS $11,771 STOCK NO. 686 WAS $12,001 STOCK NO. 683 WAS $11,827 STOCK NO. 648 WAS $12,209 STOCK NO. 666 ty'AS$12,912 J^TOCK NO. 509 WAS $13,226 CLEARAIICE sin 533 PRICED IW 'MJ CU*RWICI $10,647 PRICED "22™* *10,759 CLEARANCE 579 PRICED CLEARANCE $|Q 937 PRICED 1 w/™/ CLEARANCE $11 cii PRICED n'561 CLEARANCE si 1 hL7 PRICED • l,OOZ NEW '84 LESABRES STOCK NO. 707 WAS $13,140 STOCK NO. 708 WAS $12,995 STOCK NO. 705 WAS $13,339 STOCK NO. 662 WAS $12,995 STOCK NO. 698 WAS $13,412 ClfARAHCE PRICED CLEARANCE PRICED CLEARANCE PRICED CLEARANCE PRICED CLEARANCE PRICED NEW '84 SKYHAWK '11,794 *11,670 *11,956 *11,670 *11,994 NEW '84 RIVIERA NEW '84 SKYLARKS STOCK NO. 670 CLEARANCE WAS $11,341 PRICED *10,391 STOCK NO. 635 WAS $19,430 STOCK NO. 688 WAS $18,756 STOCK NO. 709 WAS $20,869 CtfARAHftf PRICED CLEARANCE PRICED CLEARANCE PRICED $17,292 <16,696 *18,489 STOCK NO. 689 ' WAS $10,885 CLEARANCE PRICED *10,123 STOCK NO. 718 WAS $9620 CtEAEAHCE PRICED *9004 STOCK NO. 692 WAS $9387 CLEARANCE PRICED *8780 STOCK NO. 716 WAS $9492 CLEARANCE PRICED *8895 STOCK NO. 702 WAS $9515 CLEARANCE men *8900 STOCK NO. 717 CUWMKE *9000 WAS $9620 NKO *9000 STOCK NO. 685 * WAS $10,945 tum«ei men *10,132 SAVE ON THE SHARPEST USED CARS LAKE COUNTY. BUY NOW AND SAVE!! '82 OLDS CUTLASS 2 DR. I owner automatic ait power steer inj> power brakes AM FM stereo new tnes exceptionally clean-car <6990 SO OLDSMOBILE CUTLASS BROUGHAM 4 DR. 1 owner air power steering power brakes rear window defogger rust proofed very clean '81 OLDS TORONADO 1 owner moon roof loaded with op tions including dual 6 way power seat AM FM cassette must see to appre ciate *5750 *8990 'II PONTIAC BONNEVIUE BROUGHAM 4 DR. One owner gold finish, air condition­ ing 6 way power seats power win dows tilt cruise and many more options 1981 BUICK REGAL 2 DR. 1 owner automatic power steering power brakes power windows am fm stereo air landau lop wire wheel covers beige color real clean car <6490 1979 OLDSMOBILE CUTLASS 2 DOOR * 1 owner automatic cruise control V8 engine air power steering power brakes <5290 1980 OLDSMOBILE CUTUSS 2 DOOR 1 owner air automatic power steer mg power brakes am fm stereo *3950 '•1 CUTLASS 4 DR. SEDAN 1 owner power windows power seats air. tilt cruise AM/FM stereo traded by local minister <6490 WHOLESALE SPECIALS 1980 BUICK SKTLARK 2 DOOR $2650 1977 BUICK REGAL $2050 1975 PLYMOUTH VAN $650 1974 GREMLIN $250 MON. THRU THURS. 9-8: Babep 91 S. RT. 12. FOX LAK^ McHENRY OPTICIANS 1301 RIVfRSIDt DR McHENRY 111 ACROSS t KOM (Ml FOX HOll, B15)38' 9240 GLASSES MADE WHILE YOU WAIT! ' (SINGlf VISION MASTIC OMIT) OVER 1,000 FIRST QUALITY METAL OR PLASTIC FRAMES KIDS FRAMES METAL OR PLASTIC SENIOR CITIZENS-FREE FRAME- SiZST"' EMERGENCY REPAIR & FRAME REPLACEMENT (815)385-9240 ^T^oZo, - DAH V B 30 5 10 SAT 8 30 2 WED 8 30 1 SHOWPLACE 1-2-3-4 ROUTES 14 & 31. CRYSTAL LAKE 455 1005 Teachers R FRI. & SAT. 2:15-4:30-7-9-10:45 SUN. THURS. 2:15-4:30-7-9 ALL OF ME PC FRI. A SAT. 2:15-4:15 6:45 8:30 10:15 SUN. THURS. 2:15-4:15-6:45-8:30 SHOWPLACE 5 DOWNTOWN 455-2000 DUNDEE THEATER MAIN STREET 428 3600 S1.00 ALL SEATS ALL SHOWS! McHENRY 1-2 $1.50 ALL SEATS, $1.00SAT. & SUN. FIRST AFTERNOON SHOW ONLY GHOSTBUSTERSPG FRI., M0N.-THURS. 6:30-8:45 SAT. & SUN. 2:154:15-6:30-8:45 $3 50ADULTS ,$2.00CHILDREN (11 & UNDER) $2.00 BARGAIN PRICE FIRST AFTERNOON SHOW ONLY STARTS FRIDAY Thief of Hearts* . Fri.ASat. 2-4-6:30-8:30-10:15 "Sun.-Thurs. 2-4-6:30-8:30 Little Drummer Girln Daily 1:454-6:30-9 Places In The Heart pc FRI., M0N.-THURS. 7-9 SAT. A SUN. 2:304:30-7-9 GHOSTBUSTERS PG FRI., M0N.-THURS. 6:45-9 SAT. A SUN. 2:154:30-6:45-9 McHENRY 1-2 $1.50 ALL SEATS, $1.00 SAT & SUN. FIRST AFTERNOON SHOW ONLY KARATE KID PC SAT., SUN. 1:45-4-6:45-9 FRI. 4 M0N.-THURS. - 6:45-9 spurgeons k \ 7. 20-33% OFF Thru Sun., Oct. 28! 1 and 2-pc. Uniforms and Smocks 999 0799 to Mm i Reg. $14-$39 Save on a big selection from fine manufacturers. White dress and pantsuit uniforms, reg. $17-$39,11.99-27.99 Uniform smocks in white, colors, reg. $14-$15... 9.99 P.S. Uniform Club Members Save Even More! Save 32% Thru Sun., ft . OQI White Uniform Shoes-3!5^®; 999 Reg. $16 Walk in comfort in duty shoes with man-made uppers and soft molded soles. Sizes 51/2-10 medium. Save now! 312/587-2555 Uaa our Fraa Layaway ... or Chooaa and Charga today! McHENRY MARKET PLACE 385-4100 OPEN SUNDAYS