Tag: Board Operations

Election of Association Board Members and Officers – What’s the Difference

  Election of Association Board Members and Officers—What’s the Difference? A common scenario I see with some associations when it comes to elections is the following:  ballots and proxies are distributed to owners for […]

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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 […]

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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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Removing a Member of the Board

As any person who has served on their association’s board of directors can tell you, it is a thankless job. While you are required to undertake the business of a not-for-profit corporation and assume fiduciary responsibilities to the other unit […]

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