Condo Law Watch

Tag

illinois condominium property act

2023 Illinois HOA/Condo Legislative Updates

As the new year approaches, it is important for association boards and community association professionals to be cognizant of new laws that may impact the industry. For 2023, there are a few updates, mainly to Section 22.1 of the Illinois… Continue Reading →

Update On Residency Requirements To Serve On A Condo Board In Illinois

The Illinois legislature has amended the Illinois Condominium Property Act (the “Act”) and while not mandatory, it allows Boards of Directors to implement policies on how Boards can be composed.  Pursuant to Section 18(a)(1) of the Act, the change now… Continue Reading →

Governing Document Production and You: New Caselaw Regarding Excessive Charges to Sellers

By: Sarah Elizabeth Melendez Have you had a request for governing documents? Have you sold a condominium in the last few years? Are you currently living in one and plan to sell it in the foreseeable future? If you sold one,… Continue Reading →

Is Your Association Ready For The Next Election? Adopting Rules For Electronic Voting

Getting members to participate in board member elections can be like pulling teeth. The more convenient you make the process, the more likely to get members to participate. Fortunately, the Illinois Condominium Property Act (the “Condo Act”) and the Illinois Common Interest… Continue Reading →

Advice for Boards in Mixed-Use Projects

Mixed-Use Developments – Conflicts Mixed-used condominium projects have been steadily increasing throughout Illinois. It is unsurprising, considering that locating commercial spaces within condominium projects can benefit both the residents within these communities, as well as the owners of these establishments…. Continue Reading →

Collection of Assessments from Third-Party Purchaser in Foreclosure Sales – Where Did 2018 Leave Us?

There have been a number of cases that came down in 2018 that further clarified (and muddied) the amounts that can be collected from a third-party purchaser at a judicial foreclosure sale. Section 9(g)(1) of the Illinois Condominium Property Act… Continue Reading →

Time to Update Your Association’s Declaration for 2017

There have been quite of few changes to the Illinois Condominium Property Act (Condo Act) and the Illinois Common Interest Community Association Act (CICAA), effective January 1, 2017. In light of these changes, as well as the many changes made… Continue Reading →

Management and Administrative Fees: Are They Collectable?

Oftentimes, management companies will include their own management fees (such as a collection turnover fee or trial witness fee) on the ledger of a delinquent owner’s account when collecting unpaid assessments. As courts are reviewing account ledgers with increasing scrutiny,… Continue Reading →

Illinois Appellate Court Invalidates Condominium Leasing Cap From Rules and Regulations

For years, associations have adopted different forms of leasing restrictions. In many instances, those restrictions were adopted to combat decreased owner-occupancy rates in order to keep the condominium eligible as a HUD-approved condominium project, which allows owners and buyers to… Continue Reading →

2016 Brings New Legislative Changes For Condominium Associations

As we kick off 2016, it is important to bear in mind the legislative changes directly impacting condominium associations that will become effective this year, specifically June 1, 2016. Certain amendments will impact not only when key association meetings may… Continue Reading →

© 2024 Tressler LLPDisclaimer | Privacy Policy

Tressler Blog Network Bad Faith BulletinCGL DispatchLocal Government LowdownPrivacy Risk ReportThe Property LineSpecialty Lines Advisory