In this Issue Lender Questionnaires from Fannie Mae Board Member Residency Requirements under Illinois Condominium Property Act Visit the link Here to read our Newsletter.
BRK January, 2022 Newsletter
read more
News & Events
Update to Illinois Condominium Property Act: Residency Requirements for Board Members
As of January 1, 2022, the Illinois legislature has updated a key section of the Illinois Condominium Property Act ("ILCPA"). The update permits an association to impose a residency requirement for those serving on an association’s board of managers. For existing...
Lender Questionnaire Conundrum – Fannie Mae and Freddie Mac Ask the Big Questions
Boards and property managers are seeing a host of new questions from prospective condo and townhome lenders. Lenders with mortgages backed by Fannie Mae and Freddie Mac are already (or soon will, in the case of Freddie Mac) requiring associations to provide extensive...
Covid Proof of Vaccinations and Impact on Community Associations
The City of Chicago has announced a new vaccination mandate (Executive Order No. 2021-32 or "Mandate"). Effective Monday, January 3, 2022, access to most public places will require proof of vaccination for any person 5 years or older against COVID-19 to dine indoors,...
Altus Legal October, 2021 Newsletter
In this Issue Building maintenance standards for Illinois condominium buildings (Kris Kasten speaks to The Cooperator) Employee Vaccine Mandates for Union Employees ILAC Fundraiser Visit the link Here to read our...
Kris Kasten Interviewed by The Cooperator on Illinois Condo Building Maintenance Standards
The Cooperator, a national publication carrying stories related to community associations throughout the United States, recently interviewed attorneys specializing in community association law throughout the country. The goal was to help condo dwellers from California...
2021 Legislative Update for Community Associations
After a quiet 2020, legislators returned to business in 2021. The new year brought several changes to the General Assembly. One significant change involved longtime Speaker of the House Representative Michael Madigan stepping down and Representative Emanual Chris...
City of Chicago Reinstates Mask Mandate for Community Association Common Areas
The City of Chicago will, as of Friday, August 20, 2021, reinstate the mask mandate for all businesses and public spaces, which includes "common areas of condos and multi-residential buildings and private clubs." Accordingly, condominium and HOA boards within the City...