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December 2023

Navigating the CTA:  A Guide for Condos and HOAs to comply with the Corporate Transparency Act The Corporate Transparency Act is a federal law that was enacted in 2021 to stop individuals in foreign countries from illegally moving money into the United States.  The Corporate

What your Illinois Homeowners Association needs to know about Architectural Control Requirements Most condominium declarations will limit the ability of a unit owner’ ability to make changes to any structure, improvement, or any of the limited or general common elements within a condominium or common interest

What You Need to Know About Cannabis and Marijuana in Illinois Condos Under the Illinois Condominium Property Act  As Illinois became the 11th state to legalize marijuana in June 2019, it greatly impacted a condominium association’s right to simply restrict the consumption of marijuana in the

Guidelines for Preparing Your Association Budget Preparing an annual budget is essential for the financial stability of community associations. However, not all associations know how to effectively create an association budget. To help you with this task, here are some guidelines that will make preparing your budget

What your Condo Association Needs to Know About the New Fannie Mae and Freddie Mac Lending Guidelines            The Surfside condominium collapse led to significant reform in the condominium lending industry.  In Lender Letter LL-2021-14, Fannie Mae and Freddie Mac implemented temporary lending guidelines in

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