PROVIDING LEGAL COUNSEL TO COMMUNITY ASSOCIATIONS FOR OVER 25 YEARS

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

  • Levying a Fine for Rule Violation? Some Helpful Tips

    The Illinois Condominium Property Act empowers a board of managers, “to impose charges for late payment of a unit owner’s proportionate share of the common expenses, or any other expenses lawfully agreed upon, and after notice and an opportunity to…

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  • Using FHA Approval to Market Your Condominium Association

    For condominium association boards looking for ways to enhance property values and market their community to potential new buyers, having the condominium association approved for FHA-backed loans is potentially one of the most effective ways a board can go about…

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  • Energy Policy Statement

      DOES YOUR ASSOCIATION NEED AN ENERGY POLICY STATEMENT? In the recent months, a handful of Association clients have required assistance with homeowners requesting for the installation of solar collector systems (i.e. solar panels) on roofs. Under the Homeowners’ Energy…

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  • Ombudsperson Act deadline – January 1, 2019

      DEADLINE APPROACHING FOR OMBUDSPERSON ACT – JANUARY 1, 2019 As stated in our “The Ombudsperson: 2016 Amendments and Updates” article, by Governor Rauner’s signing of Public Act 99-0776, several changes were made to the Condominium and Common Interest Community…

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  • Collecting Assessments from Condominium Units In Foreclosure

      CONDOMINIUM UNITS IN FORECLOSURE DURING A RISING REAL ESTATE MARKET In 2017, Illinois had the fourth highest rate of foreclosure filings in the United States. While the overall number of foreclosures being filed is decreasing, foreclosures continue to present…

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  • Update to Condominium Rules and Regulations

      TIME TO UPDATE RULES AND REGULATIONS REGARDING CONDOMINIUM ASSOCIATION RECORD REQUESTS AND USES FOR COMMERCIAL PURPOSES With the adoption of Public Act 100-0292, which will take effect on January 1, 2018, several significant changes will take place with respect…

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  • Omnibus House Bill 0189

    OMNIBUS HOUSE BILL 0189 With the recent votes in the Illinois Legislature, it appears that the current legislative session has come to a close.   As of July 10, 2017, only one significant piece of community association legislation has passed both…

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  • 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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