The Forcible Entry and Detainer Act provides associations with the right to take possession of a unit when an owner fails to pay assessments and other common expenses to the association. If the association received a judgment and an order… Continue Reading →
In an effort to provide greater consistency and clarity for mortgage lenders as they work to collect information to determine eligibility for mortgages secured by units in condominiums, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac recently released two standardized… Continue Reading →
In an effort to educate condominium associations, unit owners and common interest groups, while still accounting for the complex responsibilities that accompany those roles, the Illinois General Assembly created the Condominium and Common Interest Community Ombudsperson Act. Effective July 1,… Continue Reading →
Tressler LLP is pleased to announce the re-launch of Tressler’s condo law blog with a new name, Condo Law Watch. To keep up with the changing digital landscape, Condo Law Watch will replace the firm’s traditional e-newsletter Condominium & Common… Continue Reading →
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 →
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 →
Yes. Condominium and Common Interest Community Association must provide notice to all owners of any meeting of the board. This includes open or closed sessions. Notice may be sent or delivered to the owners in accordance with the various acts… Continue Reading →
Sometimes, an association may not know whether it is subject to certain specific state acts like the Illinois Condominium Property Act or the Common Interest Community Associations Act. The first place to start is to look at the declaration recorded… Continue Reading →
This questions often arises in homeowners and condominium associations where owners may wish to take advantage of satellite television services. Associations are precluded from limiting an owner’s ability to place a dish, reasonably, in order to find the best signal,… Continue Reading →
Condominium and homeowners associations have obligations to enforce the uniform collection of assessments from all owners. If owners fall behind and do not make regular payments towards their money assessment or annual assessment balance, which ever method the association uses… Continue Reading →
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