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

765 ILCS 605/18.4: What Illinois Condominium Board Members Need to Know Before Adopting Rules & Regulations Rules and regulations are used by the board of directors of a community association to implement the existing governing documents. Pursuant to 765 ILCS 605/18.4(h), the board may adopt and

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Board of Directors, Condominium Document Amendments, Director and Officer Liability, Illinois Condominium Property Act

765 ILCS/27: How to Amend an Illinois Condominium Declaration? Given the ever-changing nature of the Illinois Condominium Property Act (the “Act”), condominium associations must regularly review their governing documents to ensure smooth operations and avoid exposure to litigation. This article will address how to amend

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