Condo Law Watch

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HOA/Condominium & Common Interest Community Association Law

Breaking News: Yet Another Wild Development With the Corporate Transparency Act! 

We have yet another wild development with the Corporate Transparency Act: Filings are now voluntary and not subject to fines for failure to comply.   On December 26, 2024, the full panel of judges of the Fifth Circuit Court of… Continue Reading →

Urgent News! Corporate Transparency Act Compliance Enjoined by a Federal Court on December 3, 2024 – Compliance Stalled

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a NATIONWIDE preliminary NATIONWIDE injunction against the Corporate Transparency Act (Act). See Texas Top Cop Shop, Inc., et al. v. Garland, et al. In the underlying case, the Plaintiff argued that… Continue Reading →

New Year, New Rules: Navigating Illinois’ 2025 Accessible Parking Mandate for Condos

A substantial change is on its way for Illinois Condominium Associations beginning January 1, 2025. This is a new transformative approach to accessible parking for residents with disabilities. Here is what the new rule means and why it matters: Beginning… Continue Reading →

Kathryn A. Formeller, Simone E. Haugen and Adriana M. Bosco Secure Favorable Jury Verdict for Condominium Board Members

Tressler attorneys Kathryn A. Formeller, Simone E. Haugen and Adriana M. Bosco successfully represented board members of a condominium association. Two years after closing, a unit owner of the condominium association filed suit against the board members for breach of fiduciary duty (on numerous issues… Continue Reading →

Tressler Talks: Advanced Financials in HOA Law

We are pleased to invite you to our upcoming virtual Tressler Talk: Tressler Talks: Advanced Financials in HOA Law October 9, 20242:00pm-3:00pm CTWebinarJoin Tressler’s experienced attorneys for this complimentary Illinois HOA board and property management training. This popular webinar provides… Continue Reading →

Sayra V. Contreras Joins Tressler’s HOA Practice Group

Tressler is excited to welcome Sayra V. Contreras as an associate in our HOA Practice Group. Sayra concentrates her practice in litigation with a focus on representing condominium associations and common interest community associations in areas such as rule enforcement, interpretation… Continue Reading →

Corporate Transparency Act: All Associations Must File Report with FinCEN by 12/31/24!

The Corporate Transparency Act (“CTA”) is here to stay, and for now, condominiums, townhomes, homeowners and community associations must file the required Beneficial Ownership Information Report (BOIR) by December 31, 2024. Failure to comply will result in penalties imposed by… Continue Reading →

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

While independent parties continue to challenge the application of the CTA to condominium and homeowner associations, it still appears to apply. We recommend that associations hold off on its reporting requirements as we continue to obtain further clarity on the CTA… Continue Reading →

Katerina Tsoukalas-Heitkemper to Present at the CAI-IL’s April 2024 DCAL Board Member Education Program

Tressler attorney Katerina Tsoukalas-Heitkemper will be presenting with Sheila Malchiodi of Associa Chicagoland at the Illinois Chapter Community Associations Institute’s (CAI-IL) April 2024 Dedicated Community Association Leader (DCAL) Board Member Education program on Tuesday, April 30, 2024, in Schaumburg, IL. Their course is… Continue Reading →

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 →

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