2022

Condo & HOA Collections April 15, 2022

A Guide to Collecting Delinquent Illinois Condo and HOA Assessments

Condominium and homeowners associations throughout Illinois are frequently forced to deal with owners have not paid assessments or fines levied for violations of the declaration or the HOA bylaws. In many cases, an owner will be pay delinquent HOA assessments after receiving an initial demand letter. However, there are other situation when the unit owner refuses to pay delinquent HOA…
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Rental & Leasing Restrictions April 4, 2022

What You Need to Know About Short-Term Rentals in Illinois Condominiums

Illinois condominium associations have been forced to deal with an increase in short-term rentals over the past 10 years with the increasing popularity of platforms such as Airbnb, HomeAway, and VRBO. The increasing number of short term rentals have created various issues for Illinois condominium associations. In areas where short-term rentals became prevalent, such as Chicago, there was an increase…
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Construction Defects & Developer Turnover March 21, 2022

How to Transfer an Illinois HOA from a Developer to the Owners

Whenever a new condominium or common interest community is created, there needs to be a transfer of control of the homeowners association from the developer to an owner-controlled board of managers. The Illinois Condominium Act and the Illinois Common Interest Community Association Act both include specific timelines and requirements that provide some mechanisms to ensure that the transfer from the…
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Fair Housing February 1, 2022

How to Resolve Conflicting Requests for Reasonable Accommodations Under the Federal Fair Housing Act

Handling requests for reasonable accommodations under the federal Fair Housing Act, 42 USC § 3601 et seq. (“FHA”), can be one of the more daunting aspects of serving as a condominium or homeowners association board member. The potential legal risks that are attached with requests for reasonable accommodations, particularly if those requests are denied, are highlighted by statistics from the…
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Financial Issues, Budgets & Reserves January 6, 2022

Prepare your Condo for the New Fannie Mae and Freddie Mac Lending Requirements

The Surfside condominium collapse was devastating for the condominium community and served as a wakeup call for many condominium associations.  Since the Surfside condominium collapse, co-owners in Florida and Wisconsin have been forced to evacuate condominiums as a result of unsafe structural conditions.  As previously indicated in “The Surfside Condo Collapse: A Condo Association Tragedy”, the Surfside condominium collapse was…
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