Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
Government officials in Cook county have given taxpayers a penalty-free extension to pay 2019 property taxes.
Taxpayers will have until October 1 to pay their 2019 2nd installment tax bills. This is extension from the original due date of August 3.
The bills will be mailed in late June. They should also be posted on the Treasurer’s website (cookcountytreasurer.com) two weeks before arriving by mail.
Quorum must be met and maintained during board meetings, whether virtual or in-person.
As such, if a board member loses their audio connection during a meeting, they will not be counted toward quorum for the duration of the “outage.” If that member’s attendance is necessary to establish quorum, quorum would be lost during that time.
Learn more, here.
Due to the COVID-19 pandemic, Cook County courts have been closed since March 23, 2020. As a result, the timeline for action by condo boards related to collection lawsuits and for owners facing foreclosure action by lenders has been extended considerably. Here is a current update on the status of such legal action:
New lawsuits for delinquencies can be filed, however. Boards should continue to monitor and address owner delinquencies appropriately.
Check out these recordings of two, recent legal updates for condos that address operations during the COVID-19 crisis.