Condo and HOA Assessments

FinCEN appeals nationwide Corporate Transparency Act Injunction: What is the impact on Community Associations?

FinCEN appeals nationwide Corporate Transparency Act Injunction: What is the impact on Community Associations? On December 3, 2024, a federal…

1 week ago

Effectively Using Fines to Enforce Illinois Condo & HOA Bylaws

Effectively Using Fines to Enforce Illinois Condo & HOA Bylaws Enforcing the governing documents plays a key role in successfully…

1 month ago

Illinois Appellate Court Holds that Condominium Association Entitled to Collect All Unpaid Assessments from Foreclosure Purchaser

Illinois Appellate Court Holds that Condominium Association Entitled to Collect All Unpaid Assessments from Foreclosure Purchaser Assessments are the lifeblood…

1 month ago

Should You Discount Assessments for Board Members?

Should You Discount Assessments for Board Members? In community associations, a frequently debated topic is whether board members should receive…

5 months ago

Unlocking Success: Using Legal Representation Over Collection Agencies for Delinquent Condominium Assessments

Unlocking Success: Using Legal Representation Over Collection Agencies for Delinquent Condominium Assessments  Community associations play a crucial role in maintaining…

9 months ago

Guidelines for Preparing Your Association Budget

Guidelines for Preparing Your Association Budget Preparing an annual budget is essential for the financial stability of community associations. However, not…

1 year ago

Illinois Court Rules HOA Cannot Collect Assessments That Were Improperly Levied Under the Common Interest Community Association Act, 765 ILCS 160

Illinois Court Rules HOA Cannot Collect Assessments that were Improperly Levied  One of the responsibilities of a board of directors…

2 years ago

Reserves and Reserve Funds in an Illinois Common Interest Community

Unexpected things happen in our daily lives, and sometimes those things happen in our home.  It is great, if possible,…

2 years ago

How to Impose and Enforce Fines in an Illinois Condo Association

As Illinois’ First District Appellate Court recently stated, “[c]ondominiums are creatures of statute and, thus, any action taken on behalf…

2 years ago

Illinois Common Interest Communities and Condo Associations Can File Property Tax Appeals on Behalf of Unit Owners

Anyone who has ever owned property in Illinois understands that there exists a potentially never-ending cycle of property tax appeals…

2 years ago