As many of our clients are now aware, the Federal Corporate Transparency Act (“CTA”) requires condominium and homeowners associations (“Associations”) to file documents and information with the Financial Crimes Enforcement Network (“FinCEN”). The penalties for an...
News & Events
Democratic National Convention – Association Preparation
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,...
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...
BRK Partners Author IICLE Condominium Law Chapter
BRK partners Nick Bartzen, Scott Rosenlund, and Kris Kasten have authored a chapter for the 2024 Edition of “Condominium Law: Governance, Authority, and Controlling Documents.” Published by the Illinois Institute for Continuing Legal Education (IICLE), this...
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,...