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Home2024 (Page 2)

November 2024

Board of Directors, Condo and HOA Assessments, Condominium Document Enforcement, Illinois Condominium Property Act, Property Managers

Illinois Appellate Court Holds that Condominium Association Entitled to Collect All Unpaid Assessments from Foreclosure Purchaser Assessments are the lifeblood of a condominium association. Thus, when a unit owner becomes delinquent on their assessments, it is imperative that the community association act swiftly (and legally) to

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Board of Directors, Director and Officer Liability, Property Managers

Federal Judge Rules Community Associations Must Comply With Corporate Transparency Act As discussed in a prior article, the Community Associations Institute (“CAI” or the “Plaintiffs”) filed a lawsuit in the Eastern District of Virginia against the Department of Treasury seeking an exemption for community associations from

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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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Board of Directors, Condominium Document Enforcement, Elections and Voting, Free Speech, Illinois Condominium Property Act, Illinois Nonprofit Corporation Act, Property Managers

Political Signs in Community Associations: Balancing Free Speech and Bylaws As election day nears, it is common for owners in a community association to begin displaying political signs. For unit owners, the erection of a political sign can be seen as an invocation of their freedom

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