A condominium or homeowners association is the cornerstone of a building community. The condo or HOA maintains order and continuity by preserving architectural integrity, maintaining the common elements, protecting property values, and oft…
The synopsis for the 2013 horror film The Purge is pretty extreme: in the future, society implements a 12-hour period called “the purge,” wherein any and all crime is legalized. Always wanted to vandalize your boss’s car? Thinking about sho…
Finding a good neighbor—it’s what we all hope for when we move into a new building or community. The same is true for commercial properties in residential buildings. Making a good match, one that benefits both the commercial tenants and un…
In the Chicagoland area, the process of purchasing a condo can make for quite the odyssey. Oh yes…matching budget requirements, securing mortgages, and inspecting reams of paperwork all amount to a rather stressful and tedious adventure. Fo…
When you live in a multifamily building, however, peace and quiet can be hard to come by. From the guy upstairs who gargles loudly at precisely 6:47 a.m. every morning to the neighbor with the yapping Chihuahua—at some point the soundtrack …
It happens in business, government, and industry every day: employees learn the rules of a new job, and very shortly thereafter, they start taking shortcuts to circumvent them. Rarely is this done with malicious intent. More often, it is si…
It’s a fact of life: with big purchases come big reams of paperwork. For co-op shareholders and condominium unit owners, that can mean hundreds of pages of documents outlining everything from the financial status of their residential commun…
For co-ops, condos, and HOAs, insurance premiums are some of those quiet necessities that tend to fly under the budgetary radar until it is time to examine the bottom line, provoking a search for savings. Without a doubt, insurance e…
In South Africa, it’s called a “sectional title.” In Quebec, it’s a copropriété divise or “divided co-property.” In Italy, they call it “condominio,” derived from Latin. Regardless of location, a condominium, commonly referred to as “condo…
Like a python that has swallowed a deer and now needs to rest while digesting it, the Illinois General Assembly emerged from a 2014 session full of important common-interest community association legislation, and paused in 2015 to digest w…