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December 2024

Board of Directors, Illinois Condominium Attorney, Illinois Condominium Property Act, Property Managers

765 ILCS 605/22.2: Illinois Condo Act Amended to Prohibit Discrimination in Exercising a Right of First Refusal A new year will bring changes to the Illinois Condominium Property Act. On July 19, 2024, the Illinois state legislature enacted IL HB5502 which amends both the Illinois Conveyances

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Board of Directors, Condo and HOA Assessments, Director and Officer Liability, Property Managers

FinCEN appeals nationwide Corporate Transparency Act Injunction: What is the impact on Community Associations? On December 3, 2024, a federal court in Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc v Garland, No. 4:24-CV-478, 2024 WL 4953814, at *37 (ED Tex, December

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Board of Directors, Condo and HOA Cases, Director and Officer Liability, Property Managers

Federal Court halts Corporate Transparency Act Enforcement: What does it mean for Condos and Homeowners Associations? The Corporate Transparency Act (“CTA”) has been a significant concern for community associations in 2024. The CTA requires corporate entities, including many condominium and homeowners associations, to report personal information

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Board of Directors, Condominium Document Amendments, Condominium Document Enforcement, Property Managers

765 ILCS 160/1-20: How to Amend the Declaration of an Illinois Common Interest Community Association The declaration of an Illinois common interest community association governs the administration and functioning of a common interest community association. Common interest communities in Illinois are governed by the Illinois Common

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Board of Directors, Bylaws, Director and Officer Liability, Fair Housing Act, Property Managers

Seventh Circuit Court of Appeals Holds Community Association Not Liable for Discriminatory Remarks Made by Board President Community associations are required to comply with the federal Fair Housing Act. The Fair Housing Act protects owners and occupants in community associations from discrimination based on race, color,

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Board of Directors, Bylaws, Condo and HOA Assessments, Condominium Document Enforcement, Director and Officer Liability, Illinois Condominium Property Act, Property Managers

Effectively Using Fines to Enforce Illinois Condo & HOA Bylaws Enforcing the governing documents plays a key role in successfully operating a community association. Unruly behavior by a unit owner can lead to unhappy neighbors and a potential decrease in property values. Therefore, it is imperative

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