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Board President Likes His Perks – Common Interest Podcast Episode 05
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News & Events
Altus Legal – March 2019 Newsletter
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.
Legal Tips – Are Monthly Retainer Programs Worth the Money?
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 presents Educational Seminar at CAI-IL 2019 Conference
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...
Legal Tips – Foreclosure Actions: Why Should the Association Spend Money to Get Involved?
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...
Altus Legal – February 2019 Newsletter
Our monthly newsletter full of helpful tips and advice for Illinois condominium and homeowner associations. This month: Investing Reserve Funds: How aggressively can the board Invest? Heating Requirements: Does the City of Chicago Heating Ordinance apply to...
Legal Tips – Do Associations have to provide heat and A/C?
The answer is “yes and no.” Condominium associations in the City of Chicago certainly do have an obligation under the Chicago Building Code (§13-196-410) to provide heat to any unit where owners do not have individual control of the heat. This becomes a problem in...
Legal Tips – Investing Reserve Funds: How Much Risk is Appropriate?
We are all generally aware of the requirements for associations in Illinois to maintain a reserve account (reminder – if it’s a condominium association, the requirement is set by law, but for homeowners’ associations, it may be required by the governing documents)....