Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
Successful community living requires structure which is why condominiums have a lot of rules.
While the board has a fiduciary duty to enforce the association’s documents, house rules are put into effect, and occasionally amended, by the board and are intended to protect the general welfare of residents.
Boards and managers walk a fine line when dealing with neighbors in residential communities. Getting community members to coexist harmoniously becomes difficult when conflict inevitably arises.
One of the best ways to promote harmony is to encourage open communication. If that doesn’t work, the threat of enforcement is next, followed by fines, if applicable.
Fines can be an effective means of enforcement. If a resident isn’t abiding by the rules after multiple fines, you can move an infraction to your association’s attorney. The attorney can then investigate a foreclosure or court injunction and order payment, plus legal fees.
While they may not be universally likes, community rules are in place for the benefit of all residents. Whatever the house rules are, a board should not discriminate or waiver in its enforcement of them. Additionally, all enforcement needs to be within the law, the community’s documents, and the best interest of the community.
Learn more here.
Indoor dining is no longer allowed in Chicago, but our restauarants and bars still need our support.
Take Out Chicago is a city-wide contest to help our favorite restaurants and bars during this difficult time.
Entry requires ordering from 10 different Chicago restaurants between now and December 15th.
Once completed you can email This email address is being protected from spambots. You need JavaScript enabled to view it. with your name and the list of restauranats you ordered from. Choose Chicago will then select up to 10 winners to receive a 90-120 minute VIP tour of a select Chicago destination.
See details on the City of Chicago's website.
2021 is around the corner, and that means....it's budget time!
Here are a few important reminders about Board responsibilities and Budgeting:
Please see more about Budgets from these CCR articles:
Condo Budgeting Tips for Pandemic-Related Issues
Double-check your ownership percentages when preparing budgets ...
How to Avoid Common Board Member Mistakes
The Importance of Reserves Budgeting in Small Condos ...
Related Videos for CCR Members:
As you head out to the polls, deliver your mail in ballot or rest easy because you've already voted, please don't forget that the democratic process also applies to your condominium association.
The IL Condo Act requires an annual Board Election for all condominium associations. If your association has not had an election since the last blue moon, it's time to plan one.
Here are a few helpful articles for handling your board elections, and for navigating this responsibility during COVID.
Is Your Condo Association Due for an Election?
Search CCR for more about condo elections!