Condo Law Watch

Author

Joseph Silverstein

Update to the Illinois Corporate Transparency Act: Do Condos and HOAs Have to Comply?

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 →

Are You Adequately Insured Against Catastrophic Damage?

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 →

New Law: Mandate for Installation of Electric Vehicle Chargers in Common Area Parking Lots 

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 →

No More Adult Swim? Are Your Association Pool Rules Compliant with the Law?

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 →

Sound the Alarm: New Illinois Law Requires 10-Year Battery Smoke Alarms to Be Installed in Homes

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 →

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 →

The End of the Illinois Eviction Moratorium

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 →

The Collapse of the Champlain Towers and Hard Lessons Learned – Part II

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 →

© 2024 Tressler LLPDisclaimer | Privacy Policy

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