In this Issue 22.1 Disclosures: Avoid Liability by Including“Anticipated” Expenditures. Welcome our New ILCPA Section for Marijuana Visit the link Here to read our July Newsletter.
Altus Legal – July 2019 Newsletter
read more
News & Events
Is the Cannabis Act Unleashing Reefer Madness on your Association? – Common Interest Podcast Episode 12
Click below to listen to an episode of the Common Interest Podcast featuring Nicholas Bartzen.
Legal Tips – 22.1 Disclosures: Avoid Liability by Including “Anticipated” Expenditures
Download this article as a PDF here. Condos are bought and sold every day in Illinois. One of the critical roles for the association to play in the transaction is compliance with Section 22.1 of the Illinois Condominium Property Act (“ILCPA”), which requires the board...
Legal Tips – Recreational Marijuana in Condominium Associations
Download this article as a PDF here. With the Senate’s recent passage of HB 1438, the Cannabis Regulation and Tax Act (“Cannabis Act”), Illinois is poised to become one of the 11 states that permit both recreational and medical marijuana use. HB 1438 will likely be...
Article – Court Awards Condo Association over $1 million from Unit Owner and his Attorney for Frivolous Lawsuits
In a victory for Illinois community associations, a Cook County Court judge awarded a Wilmette condominium association and its attorneys over $1 million in sanctions from a unit owner and his attorney who had filed a host of frivolous claims against the association...
Altus Legal – April 2019 Newsletter
In This Issue Year-End Accounting: Read this before you put that operating surplus into reserves. Executive Session Meeting Minutes: Download a free template to ensure compliance with Illinois law. Board President Abuse of Power: Check out Altus founder Nicholas...
Legal Tips – Executive Session Meeting Minutes – Free Template
Download the template here. By now, most condominium associations in Illinois are aware of the new requirements imposed by the Boucher v. 111 East Chestnut Condominium Association. If you are not aware of the decision, click here for a link to our article. One of the...
Legal Tips – Disposition of Association Surplus
Your Declaration May Require the Association to Refund a Budget Surplus In the past, many (if not most) condominium associations that ended their fiscal years with a budget surplus (that is, a net excess of income over expenses) would add that additional money to the...