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Condo and HOA Assessments

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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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, Condo and HOA Assessments, Illinois Condominium Property Act, Property Managers

Should You Discount Assessments for Board Members? In community associations, a frequently debated topic is whether board members should receive discounted assessments as compensation or recognition for their service. This issue is particularly relevant in Illinois, where community associations must navigate both legal frameworks and ethical

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Condo and HOA Assessments, Illinois Condominium Attorney, Illinois Condominium Property Act, Liens, Property Managers

Unlocking Success: Using Legal Representation Over Collection Agencies for Delinquent Condominium Assessments  Community associations play a crucial role in maintaining the integrity and functionality of shared living spaces. However, when faced with delinquent condominium assessments, these associations often encounter significant challenges in recovering the owed amounts.

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Board of Directors, Bylaws, Condo and HOA Assessments, Property Managers

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

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Collections, Condo and HOA Assessments, Illinois Condominium Attorney, Illinois Nonprofit Corporation Act, Liens

Illinois Court Rules HOA Cannot Collect Assessments that were Improperly Levied  One of the responsibilities of a board of directors or a board of managers in any homeowner’s association is to set the amount of regular assessments for the members.  This is typically done by way

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