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...
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...
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...
Click below to listen to an episode of the Common Interest Podcast featuring Nicholas Bartzen.
In This Issue Monthly Attorney Retainers: Are they worth the expense? Unit Foreclosure Actions: Should the association spend money to get involved? Visit the link HERE to read our March Newsletter.
Download this article as a PDF here. First, let’s be clear what we’re discussing here – the word “retainer” is used by attorneys to mean different things. An “initial retainer” or “fee retainer” is an advance payment for some legal fees that will be done in the...
Nicholas Bartzen, Altus Legal LLC founder, co-presented an educational forum at the annual CAI-Illinois Conference and Expo in February 2019 with Brian Butler, Vice President with FirstService Residential. The focus of the presentation was technology in the 21st...
Download this article as a PDF here. Most property managers (and many board members) have, at some point, received some notice of foreclosure related to a unit within an association. Sometimes the notices go directly to the board or manager. Other times, they go to...
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