Condo Living Made Easy
Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
Condo Living Made Easy
Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
Legislative Updates for Illinois Condominiums
- Details
- Written by Alexa Jackson
- Category: What We're Thinking About Lately...
The Illinois Condominium Property Act and the Common Interest Community Association Act have both recently been amended.
Effective May 27, 2022, owners are entitled to inspect, examine, and copy the reserve study.
In addition, the Condominium and Common Interest Community Ombudsperson Act was extended and is now scheduled to be repealed on January 1, 2024.
The full text of the act, including all documentation that must be made available to owners by the board can be read here.
What is your association's role in owner disputes?
- Details
- Written by Alexa Jackson
- Category: What We're Thinking About Lately...
Managers and Boards of Directors may occasionally receive complaints from an owner about another owner. Most commonly, these are noise complaints. Now that people are working from home more often, these complaints might occur more frequently. It is important to know how to respond to these issues so all parties feel heard.
Learn how a board should react to owner disputes, here.
New Cooling Ordinance in Chicago Condominiums
- Details
- Written by Alexa Jackson
- Category: What We're Thinking About Lately...
For some time now, the city of Chicago has had an ordinance for minimum temperatures that must be maintained throughout the winter in multi-unit residential buildings.
Following the tragic heat-related deaths of three residents at an assisted living facility, that ordinance has been amended to now include cooling standards throughout the summer.
Learn more here.
New Federal Proposal Could Help Condos Finance Critical Repairs
- Details
- Written by Alexa Jackson
- Category: What We're Thinking About Lately...
Aging condo buildings and infrastructure has been a growing concern over the past several years.
The Rapid Financing of Critical Condo Repairs Act of 2022 is legislation that allows the US Department of Housing and Urban Development’s Federal Housing Administration to insure condominium association building rehabilitation loans made by private lenders.
Under the legislation, FHA-insured condo association loans may be used for the rehabilitation, alteration, repair, improvement, or replacement of a condominium project’s common systems, infrastructure, and facilities.
Learn more here.
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"Ask the Expert"
Is collection action voted on in an open meeting?
Q. Our board is wondering, in light of the Palm II ruling, if a condo board must vote in an open meeting to take collection action against a unit.
Does the Palm II Ruling Apply to Condo Committees?
Q. I'm part of an architectural review committee, which is one of two committees founded by our covenant documents. I'm wondering if the Palm II decision applies to all parts of the HOA structure or just to the actual board?
Our association would like to update its Bylaws. Is a template available?
Q. Could you point me in the direction of the Bylaws template for small Chicago condo associations? Our building is using the original from the 1960’s or something like that, and I would like to propose a revamp.
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