In our recent article, 'Bulk Sales in Chicago’s Condo Market,' ( https://chicagocooperator.com/article/bulk-sales-in-chicagos-condo-market ), CooperatorNews Chicagoland examined the unique circumstances governing bulk sales in Illino…
A recent decision in Illinois Appellate Court will bring relief to condominium owners involved in lawsuits with real estate developers over construction defects not disclosed in the engineering reports provided during the purchasing process…
Boards are usually composed of volunteers who work regular jobs when they're not helping to govern their building or association. It's not often that those jobs are as attorneys or other legal professionals, so it's probably not surprising …
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…
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…
According to a recent piece in Chicago Agent Magazine , the office of the Cook County Recorder of Deeds, which has been closed due to the ongoing coronavirus pandemic, is now able to accept and record plans and condo declarations with a …
Last week, Thomas M. Skiba, CAE, CAI’s chief executive officer, and Ursula K. Burgess, Esq., president of CAI’s Board of Trustees, released a statement calling for equality and justice . As communities continue to navigate the current cr…
With the Senate’s passage of HB 1438, the Cannabis Regulation and Tax Act (“Cannabis Act”), just over a year ago, Illinois became one of the 11 states that permit both recreational and medical marijuana use. HB 1438 was passed by the Illino…
On April 9, Community Associations Institute (CAI) Senior VP of Government & Public Affairs Dawn Bauman sent an email to CAI members nationwide, calling for a concerted effort to get community associations included in the Paycheck Prote…
Planning for illness, infirmity and incapacity is always an important part of providing for your financial and personal security. In light of the COVID-19 pandemic though, we are all potentially facing an increased risk of serious illness a…