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October 2024

Board of Directors, Director and Officer Liability, Property Managers

Federal Court Rules that Corporate Transparency Act is likely Constitutional: Community Associations must comply by January 1, 2025 to avoid $10,000 in potential civil penalties The January 1, 2025 deadline for condominium and homeowners associations to comply with the Corporate Transparency Act is fast-approaching. Community associations

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Board of Directors, Bylaws, Condominium Document Enforcement, Director and Officer Liability, Illinois Condominium Attorney, Property Managers

765 ILCS 160/1-40: What Every Homeowners Association Needs to Know About Owner Meetings Community associations play a crucial role in managing community living, ensuring that shared spaces are maintained and that residents abide by community rules. Effective governance hinges on active participation from homeowners, particularly during

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Board of Directors, Illinois Condominium Property Act, Property Managers

Understanding Owner Restrictions on Limited Common Elements: Key Legal Guidance for Illinois Community Associations In some community associations, a unit owner may wonder whether they can modify a limited common element which the unit owner exclusively uses. An Illinois appellate court has provided an answer to

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