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 Illinois legislature has amended the Illinois Condominium Property Act (the “Act”) and while not mandatory, it allows Boards of Directors to implement policies on how Boards can be composed. Pursuant to Section 18(a)(1) of the Act, the change now… Continue Reading →
By: Sarah Elizabeth Melendez Have you had a request for governing documents? Have you sold a condominium in the last few years? Are you currently living in one and plan to sell it in the foreseeable future? If you sold one,… Continue Reading →
Getting members to participate in board member elections can be like pulling teeth. The more convenient you make the process, the more likely to get members to participate. Fortunately, the Illinois Condominium Property Act (the “Condo Act”) and the Illinois Common Interest… Continue Reading →
Mixed-Use Developments – Conflicts Mixed-used condominium projects have been steadily increasing throughout Illinois. It is unsurprising, considering that locating commercial spaces within condominium projects can benefit both the residents within these communities, as well as the owners of these establishments…. Continue Reading →
There have been a number of cases that came down in 2018 that further clarified (and muddied) the amounts that can be collected from a third-party purchaser at a judicial foreclosure sale. Section 9(g)(1) of the Illinois Condominium Property Act… Continue Reading →
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 →
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 →
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 →
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