Condo Law Watch

Tag

illinois condominium property act

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 →

© 2017 Tressler LLPDisclaimer | Privacy Policy

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