A Law Firm You Can Trust

Keay & Costello, P.C. is a law firm that is dedicated to meeting all of our clients’ needs. We are small enough to maintain personal relationships with our clients and offer cost-effective representation.

The attorneys of Keay & Costello, P.C. serve clients throughout Metropolitan Chicago, specifically Cook County, DuPage County, Kane County, Kendall County, Lake County, McHenry County, and Will County. We provide legal services for individuals, businesses, community associations and other forms of business organizations in the following areas:

Community Association Law
Assessment Collection
Landlord & Tenant Law
Business & Corporate Law
Litigation
Real Estate

The firm’s mission is to recognize that the principle role of law-trained personnel is to assist clients in the resolution of problems. Our firm attempts to bring closure quickly and efficiently at a reasonable fee.

Recent Articles

Common Area Basics

COMMON AREA ISSUES Most associations have common areas. These can range from simply a detention pond or two and/or maybe a few subdivision entry signs for a large detached single-family home community on one end of the scale to recreational…
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New FHA Owner Occupancy Requirements

HUD ANNOUNCES NEW FHA OWNER OCCUPANCY REQUIREMENTS The U.S. Department of Housing and Urban Development (“HUD”), recently published Mortgagee Letter 2016-15, which modified the owner occupancy requirements for condominium associations seeking Federal Housing Administration (“FHA”) approval. Prior to the adoption…
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NEW LAW: Clarifying Board of Directors’ Ability to Secure Loans

NEW LAW AMENDING THE CONDOMINIUM PROPERTY ACT CLARIFIES A BOARD OF DIRECTORS’ ABILITY TO SECURE LOANS Public Act 099-0849 was signed into law by Governor Rauner on August 19, 2016. The new law changes the Condominium Property Act to clarify…
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The Ombudsperson: 2016 Amendments and Update

THE OMBUDSPERSON: 2016 AMENDMENTS AND UPDATE On August 12, 2016 Governor Rauner signed Public Act 99-0776 which makes several significant changes to the original Ombudsperson Act. This article will provide quick highlights of certain changes contained in P.A. 99-0776. Registration…
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New Chicago Ordinance – Short Term and Vacation Lease Violations

NEW CHICAGO ORDINANCE DETERS OWNERS FROM ENTERING INTO SHORT-TERM AND VACATION LEASES IN VIOLATION OF COMMUNITY ASSOCIATION GOVERNING DOCUMENTS Many, if not most, community association declarations prohibit owners from leasing their units for transient or hotel purposes. While these types…
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NEW LAWS PASSED JULY 15, 2016 AFFECTING COMMUNITY ASSOCIATIONS

On July 15, 2016 Governor Rauner signed two important pieces of legislation for the community association industry. CLOSED PORTIONS OF MEETINGS/EXECUTIVE SESSIONS P.A. 099-0567 Section 18(a)(9) of the Illinois Condominium Property Act and Sec. 1-40 Common Interest Community Association Act.…
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STOBE: Leasing Restrictions Going Forward

LEASING RESTRICTIONS AFTER STOBE v. 842-848 WEST BRADLEY PLACE CONDOMINIUM ASSOCIATION Recently, on February 3, 2016, the Illinois First District Appellate Court, Third Division, issued a ruling in the case of Stobe v. 842-848 West Bradley Place Condominium Association…
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Reviewing Delinquencies

IT’S NEVER A BAD TIME TO REVIEW YOUR DELINQUENCIES With the budgeting and annual meeting season in the rear-view mirror and with the opening of pool season still a couple of months away, now is the time to review your…
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Clarification on Six Months Rule

APPELLATE COURT PROVIDES SOME CLARITY ON SIX MONTHS RULE Under Section 9(g)(4) of the Illinois Condominium Property Act, a foreclosure purchaser, other than a mortgagee, or a third-party who purchases a foreclosed unit from a mortgagee must pay to the…
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Illinois Supreme Court Upholds Appellate Court Ruling in 1010 Lake Shore vs. Deutsch Bank

On December 3rd, the Illinois Supreme Court issued an opinion confirming the holding of the First District Appellate Court in the case of 1010 Lake Shore Association vs. Deutsche Bank National Trust Company. If you are reading this article, you…
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