As previously reported, new reporting requirements under the Corporate Transparency Act (“CTA”) went into effect in January 2024. These changes require certain corporate entities (including condominium and homeowner associations) to provide personal details of the individuals who exercise control over… Continue Reading →
Every year more people are purchasing units in condominium associations. If it is your first home, an investment property, or a downsize, purchasing a unit in an association has many benefits. For example, the association will maintain the common elements… Continue Reading →
On June 9, 2023, Governor Pritzker signed Senate Bill 40 into law. This new law states that beginning on January 1, 2024, if a single-family home or multi-unit residential building constructs a new parking lot, every parking space must be… Continue Reading →
Over the next few weeks, many Homeowner Associations will begin to reopen their swimming pools. Prior to opening the Association’s pool, it is important for the Board to review the Association’s Rules and Regulations to make sure that they adequately… Continue Reading →
In 2017, the Illinois General Assembly passed Public Act 100-0200 to update the Illinois Smoke Detector Act. Public Act 100-0200 requires all Illinois single and multi-family homes to have a smoke alarm with a sealed 10-year battery by January 1,… Continue Reading →
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 →
As of October 4, 2021, the Illinois Eviction Moratorium has ended. This means that residential tenants can once again be evicted from their units. The ending of the Illinois Eviction Moratorium also means that a “covered person” is no longer protected… Continue Reading →
After the tragic events that occurred in Surfside, Florida, it is important for Associations to understand the responsibility that they have in maintaining the structure of their condominium building. Cosmetic issues are often easy to spot, for example, a sagging ceiling,… Continue Reading →
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