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
Legal Requirements for Adding Property to an Illinois Condominium In Illinois, a developer can reserve the right to add property to a condominium at the time of the recording of the original declaration. This is an important right in that it allows a developer to make
How to Amend Your Illinois Condo Documents There are many reasons why a condominium association may decide to amend its declaration or other governing instruments. For example, if the condominium association was recently transitioned to the unit owners from the developer, then an amendment may be
The Board of Managers for a condo association has many roles and responsibilities, including everything from collecting assessments to maintaining common elements throughout the condominium. One of those roles, and the one that can create the most conflict with condo unit owners, is the enforcement
One of the lasting effects of the COVID-19 pandemic is an increase in home based businesses in condominium and homeowners associations. The Small Business Administration estimates that over fifty percent of all small businesses in the United States are home-based, with an even larger percentage
Parking in an Illinois condominium or common interest community association setting can create many different issues for a board. Community associations may have to deal with everything from requests for parking accommodations made by unit owners to enforcing rules regarding the parking spaces and the
