The Democratic National Convention (“DNC”) is scheduled to take place in Chicago from August 19, 2024 through August 22, 2024. Boards and managers of condominium and homeowners associations throughout Chicago, particularly downtown, the West Loop, Gold Coast,...
Articles
Corporate Transparency Act and Beneficial Ownership Reporting for Condominium and Homeowners Associations – FAQs
For a downloadable PDF of this article, please click here. All condominium and homeowner association (“Association”) board members and managers should be aware that the Federal Corporate Transparency Act (“CTA”) requires Associations to file documents and information...
Corporate Transparency Act – Illinois Community Associations MUST File by December 31, 2024
As most readers are aware, the Corporate Transparency Act ("CTA") and compliance requirements for Illinois community associations have been a hot topic this year. Managers and board members have been confused by court rulings, legislative maneuvering by lobbyists to...
Legislative Update: New Law to Require Reserve Studies
More than fifteen bills have been introduced during the current legislative session, which began in January 2024, impacting community associations. Those bills cover situations and topics including (but not limited) to reserve studies, accessible parking, use of...
E-Bike and E-Scooter Battery Risks for Condominium Associations
In recent years, the rise in popularity of electric bikes and electric scooters (“E-Bikes” and “E-Scooters”) has brought about a new wave of transportation convenience and eco-friendly mobility. In Chicago especially, our high-rise condominium clients are seeing more...
Illinois Supreme Court Issues Favorable Ruling for Condominium and Homeowner Associations in Construction Defect Claims
Illinois community associations deal with construction defect issues frequently, from the moment the association (whether a condo, homeowners, or townhome association) is turned over from the developer with underlying construction defects, throughout their existence,...
EV Charging Act Applicable to Existing Community Associations and Coops
The Illinois legislature was busy in the recent veto session in Springfield, updating recent laws that have broad implications for our clients (particularly the update to the Electric Vehicle Charging Act). The most relevant update from the recent veto session...
Legal Tips—Smoke and Fire Detection in Illinois Condominium and Homeowner Associations
Effective January 1, 2023, both the State of Illinois and the City of Chicago have new requirements for smoke and fire detectors, including everything from single-family townhomes to high-rise condominium associations. The laws aim to phase out the use of the old...