As teleworking has become the new norm during the COVID-19 pandemic, there are several methods by which association members or association boards can transact business in the absence of everyone gathering at the same time and location. …
( Editor's note: for an earlier, in-depth discussion of using reserve funds in emergencies, click here: https://chicagocooperator.com/article/tapping-reserves-in-a-time-of-crisis ) Reserve funds are a normal - and crucial - component …
As teleworking has become the new norm during the COVID-19 pandemic, there are several methods by which association members or association boards can transact business in the absence of everyone gathering at the same time and location. …
The first seven months of 2020 have been difficult and uncertain for our country. With the emergence of the COVID-19 pandemic, we are all navigating uncharted waters and doing our best to adapt. Amid this unprecedented challenge, racial ten…
Every municipality has its own schedule and criteria for exterior building inspections and upkeep - but in between official visits, boards, managers, and association staff can and should keep an eye out for some of the telltale signs of str…
Q. My HOA board has not had an election in 10 years! They keep reappointing themselves and appointing their friends to the board when there is a vacancy. Is this legal? How can this abuse of power by my HOA be stopped? …
It’s a question we’re asked all the time: “Can we use reserves to cover an operating fund shortfall?” Under normal circumstances, our standard response would be an emphatic “No!”—because reserves are for major repair and replacement project…
Each year, boards are tasked with figuring out the costs associated with all aspects of their community’s operations, including any capital repairs or improvements they plan to undertake in the coming fiscal year, and then making sure the r…
Whether you’re living in a co-op apartment building in Manhattan, a condo on Chicago’s Gold Coast, or a townhouse community or HOA in Las Vegas, Reno, or Florida, issues of legality and liability are always a concern for owners, board membe…
By its very definition, insurance coverage is planned protection against both the expected and the unexpected. Life insurance clearly provides financial security in the event of death, which of course is an eventual certainty. But at the sa…