FAMILIES FIRST CORONAVIRUS RESPONSE ACT (FFCRA)
FAMILIES FIRST CORONAVIRUS RESPONSE ACT BULLETIN By: Mohit Mehta The Families First Coronavirus Response Act (FFCRA) was signed into public law on March 18, 2020, as a way to legislate duties, rights and responsibilities […]
Read moreLevying 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 […]
Read moreEnergy 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 […]
Read moreClarification 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 […]
Read moreHomeowner Bankruptcy… Don’t Wait to file that Proof of Claim
SECURED OR UNSECURED, NO LONGER A QUESTION: ASSOCIATIONS MUST FILE PROOF OF CLAIM BY THE DEADLINE IN ORDER TO BE INCLUDED IN CHAPTER 13 BANKRUPTCY PLANS A recent federal court decision highlights the importance of an […]
Read moreWhich Six Month Rule Applies?
CONDOMINIUMS vs. COMMON INTEREST COMMUNITIES A common source of confusion among property managers, association boards, and even attorneys is how to calculate the amount of charges that must be a paid by a third-party buyer (i.e., […]
Read moreAre Pre-Bankruptcy Assessments Recoverable?
Collection of Pre-Bankruptcy Association Assessments . . . It Can be Done When a homeowner in an association files for chapter 7 federal bankruptcy protection, bankruptcy law triggers certain rights and responsibilities for that […]
Read moreDelinquencies out of control? K&C can help.
Review of Delinquent Assessment Accounts Every association has them haunting their books: delinquent homeowner assessment accounts. Do any of the accounts belong to owners who lost their units in foreclosure but left an outstanding assessment […]
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