BRK attorney Nicholas Bartzen will co-host a presentation for Reserve Advisors condominium association clients in Illinois and Wisconsin at 12 PM on March 10, 2022 via Zoom. The presentation will be co-hosted by Cindy Fitts, MBA, CIRMS, with Condominium Insurance...
In this Issue Lender Questionnaires from Fannie Mae Board Member Residency Requirements under Illinois Condominium Property Act Visit the link Here to read our Newsletter.
As of January 1, 2022, the Illinois legislature has updated a key section of the Illinois Condominium Property Act (“ILCPA”). The update permits an association to impose a residency requirement for those serving on an association’s board of managers. For...
Boards and property managers are seeing a host of new questions from prospective condo and townhome lenders. Lenders with mortgages backed by Fannie Mae and Freddie Mac are already (or soon will, in the case of Freddie Mac) requiring associations to provide extensive...
The City of Chicago has announced a new vaccination mandate (Executive Order No. 2021-32 or “Mandate”). Effective Monday, January 3, 2022, access to most public places will require proof of vaccination for any person 5 years or older against COVID-19 to...