What Type of Authority Do HOA’s Have?

The Blog was Posted on May 06 2020 by admin
A homeowners’ association is a type of private association community. Along with several other tasks, it is the HOA’s job to enforce its own recorded and unrecorded governing documents.  This occasionally involves determining what individual property owners (members) can and cannot do. This raises an important question: How much power does an HOA have? The […]

What to Know About Closed Session Board Meetings

The Blog was Posted on Apr 29 2020 by admin
A community association board has a duty to act in the best interest of the community. Many of the issues boards/managers need to handle are complex. In certain circumstances, there are sensitive issues that need to be addressed — and a closed-door meeting may be appropriate. In Illinois, HOA boards and condo boards both have […]

Illinois Stay-at-Home Order Extended Through May

The Blog was Posted on Apr 23 2020 by admin
At the April 23, 2020 daily briefing, Governor J.B. Pritzker indicated that, on May 1, 2020, he will sign an executive order extending Illinois’ stay-at-home mandate for another month, through Saturday, May 30, 2020. Changes to the Order: When the new order is signed next week, it will include the following changes to existing restrictions: […]

Coronavirus (COVID-19) Information for Homeowner and Condominium Associations

The Blog was Posted on Mar 31 2020 by admin
COVID-19 is everywhere around us. It has changed our daily lives in so many unimaginable ways. Therefore, we should not be surprised that it affects the general day to day operations of an association. Here is how our lives within community associations are changing. Stay at Home Order This afternoon Governor Pritzker announced he will […]

The Risks of Low Assessments

The Blog was Posted on Mar 30 2020 by admin
Low HOA/Condo fees are great — at least until something goes wrong. It is the duty of an association to bring in enough funds in assessment to cover the members’ collective costs. If your HOA is charging assessments that are too low, it is setting itself up for huge financial headaches in the future. Here, […]

COVID-19 Update

The Blog was Posted on Mar 20 2020 by admin
This afternoon, to stop the spread of COVID-19, Illinois Gov. J.B. Pritzker issued a shelter-in-place order for Illinois. Under this order, Illinois residents are to self-isolate in their residences from 5 p.m., Saturday, March 21, 2020 to the end of the day on April 7, 2020. Individuals should only leave their residences for essential purposes, […]

What is the Difference Between a Condo and an Apartment?

The Blog was Posted on Mar 19 2020 by admin
Although the buildings are often virtually identical from the outside, there are legal and organizational differences between condominiums and apartments. Here, our Chicago condo law attorneys provide a brief explanation of the most important difference. The Key Difference Between Condos and Apartments: Scope of Ownership The apartments within a building are typically owned and rented […]

Coronavirus (COVID-19) Update Information for Homeowner and Condominium Associations

The Blog was Posted on Mar 17 2020 by admin
The Centers for Disease Control and Prevention (CDC) continues to issue guidance regarding actions necessary to stop the spread of COVID-19. Recently, the CDC has discouraged gatherings of more than ten (10) people. Therefore, Keough and Moody is recommending against any in-person board or member meetings until further notice. As a result, boards and management should […]

Coronavirus (COVID-19) Information for Homeowner and Condominium Associations

The Blog was Posted on Mar 16 2020 by admin
The number of Coronavirus cases, officially called COVID-19, is increasing within the United States. As of March 11, 2020, Illinois has twenty-five (25) confirmed cases and the number appears to be increasing daily. At this point, we must be prepared for increasing transmissions of Coronavirus in Illinois. While there is no need to panic, associations […]

Can a Condo Owner Be Forced to Sell?

The Blog was Posted on Mar 12 2020 by admin
In Illinois, condo owners may be forced to sell as part of a deconversion sale, even if they strongly object to the deal. Here, our Illinois condo law attorneys explain Illinois law regarding forced condo sales. Illinois Condo Deconversion: 75 Percent Approval from Individual Owners   According to the Illinois Department of Financial and Professional […]

What is Condominium Law?

The Blog was Posted on Feb 20 2020 by admin
Condominiums (condos) are private real estate units that are owned within a larger building or complex.  As part of a condo association, individual members own their specific units and they have a joint ownership interest in the common areas.  Condo law is the body of law that governs the rights and responsibilities of individual owners […]

The Difference Between Reviews, Audits and Compilations

The Blog was Posted on Feb 05 2020 by admin
Managing an association’s finances and budget are among the most important duties of an HOA/condo board.  At some point, your association may want to seek a professional, independent evaluation from a Certified Public Accountant (CPA) or a reliable accounting firm. According to the American Institute of Certified Public Accountants (AICPA), timely and accurate financial statements […]

What is the Difference Between an HOA and Condo Association?

The Blog was Posted on Jan 31 2020 by admin
According to data provided by the Homeowners Protection Bureau (HOPB), nearly one in four Americans currently lives in a condo association, a homeowners’ association, or another type of private community.  While these types of communities have become more common, there is often confusion over the differences between condos and HOAs.  While these terms are sometimes […]

Can a Condo Association Evict an Owner?

The Blog was Posted on Jan 30 2020 by admin
For condo associations, assessments are the fuel that keeps the lights on. Without collecting the income owed by individual condo owners, an association will be unable to fulfill its duties. This raises an important question: What action can a condo association take against a delinquent member to collect the unpaid assessments? Illinois Law: Condo Owner […]

HUD Issues New Guidance on Reasonable Accommodations for Assistance Animals

The Blog was Posted on Jan 30 2020 by admin
January 28, 2020, the U.S. Department of Housing and Urban Development (HUD) released its guidelines related to requests for an animal as a reasonable accommodation under the Fair Housing Act. These guidelines contain step-by-step instructions regarding what information may be requested when considering such a request. In addition, HUD finally addressed under what situations an […]

Finances and Collection: Safeguarding the Association Assets

The Blog was Posted on Jan 15 2020 by admin
Collecting assessments and protecting financial assets is one of the most important functions of an association’s board of directors. It is crucial your board has the proper structure and protocols in place to collect the funds owed and to secure those funds. Here, our Chicago condo and HOA lawyers highlight some of the most important […]

Do Condo Owners Have Rights?

The Blog was Posted on Jan 09 2020 by admin
Yes. Condo owners have important legal rights and those rights must be respected by the condominium association.  Here, our Chicago condo lawyers provide an overview of the most important things you need to know about condo owner rights in Illinois. An Overview of Condo Owner Rights in Illinois As explained by the Illinois Department of […]

Chicago’s Deconversion Ordinance and What it Means

The Blog was Posted on Dec 11 2019 by admin
Over the last decade, there has been a trend in Chicago – and many other major American cities – towards converting condo buildings into rental apartments. According to reporting from Loop North News, more than 2,500 individual condo units have been deconverted in Chicago since 2017. Chicago lawmakers are now passing new rules that could […]

Can Homeowners’ Associations (HOAs) in Illinois Regulate the Use of Marijuana Within the Community?

The Blog was Posted on Nov 20 2019 by admin
June 25, 2019, Illinois Gov. J.B. Pritzker signed the Illinois Cannabis Regulation and Tax Act into law. In doing so, Gov. Pritzker made Illinois the 11th state to legalize both the recreational and medical use of marijuana. The new law has many important implications for individuals and organizations in Illinois, including for condominium associations and […]

Is Your Association Appropriately Budgeting for the Upcoming Year?

The Blog was Posted on Oct 23 2019 by admin
For many community associations and non-profit organizations, the start of fall means it is time to budget for the next fiscal year.  The importance of careful and comprehensive budgeting cannot be overstated.  Creating a budget is about far more than simply projecting revenues and expenses — it also includes measuring financial health, planning for security […]