Category: Board Operations

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 […]

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Statutory Changes to Board Executive Sessions Taking Effect in 2017

Public Act 099-0567 was signed into law by Governor Rauner on July 15, 2016.  This Public Act made a few significant changes to both the Illinois Condominium Property Act (765 ILCS 605/1 et. seq. and herein referred to as the “Condo Act”) and […]

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Homeowner 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 […]

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The Return of Leasing and Restrictions at Associations

 THE RETURN OF LEASING AND RESTRICTIONS AT ASOCIATIONS As Illinois and the rest of the nation recovers from the crash of the residential real estate market, the issue of leasing restrictions has, again, arisen. Many associations […]

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Does the Property Management Agreement meet the Association’s needs?

A FEW SIGNIFICANT ISSUES TO FOCUS ON IN CONDOMINIUM, HOA and TOWNHOME ASSOCIATION PROPERTY MANAGEMENT AGREEMENTS One of the most important individuals involved in keeping many condominium, homeowner and townhome associations going […]

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Implementing Electronic Voting/Notices

How to implement electronic voting and notices within your association Public Act 98-1042 took effect on January 1, 2015. This Public Act contains changes to both the Illinois Condominium Property Act (“Condominium Act”) and […]

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Caps on Special Assessments in Condominium Associations

In reviewing condominium association declarations over the past several years, on a number of occasions I noted a similar provision in many condominium declarations which places a cap on the amount of a special assessment the board of directors can […]

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Associations Obligation to Collect Assessments

Fiduciary Obligation to Collect Assessments, Use of the Forcible Entry and Detainer Act and its Impact upon Associations While few take pleasure in pursuing their neighbors, friends, colleagues, etc. for the collection of assessments, […]

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Rules and Regulations: The Basics

RULES AND REGULATIONS: HOW ARE THEY CREATED? HOW ARE THEY ENFORCED? I. What are they? While the adoption of rules and regulations is not required of any community association in Illinois, most find it advantageous to do so. As compared to the […]

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New Community Association Laws

The 2014 Illinois Legislative Session was quite active for condominium and common interest community associations. Over nineteen (19) pieces of legislation were introduced effecting associations. A total of nine (9) pieces of legislation passed the […]

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