How Inflation Can Impact Your Condo

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Board members and property managers prepare budgets to cover operational costs such as landscaping and snow removal services, routine maitenance, repairs, and replacements. 

However, even the best budget preperatioin can be affected by unforseen factors. These may include supply chain issues, lack of vendor availability, increased contractor rates, rising materials costs, market flucturations, inflation, and/or recession. 

Learn more about how inflation can impact your community, here.

How to Handle Board Member Bullies

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While most board members find way to work together and settle arguments in a civilized fashion, you may come across the occasional board member bully.

Association board bullies can wreak havoc for boards, staff, and residents. 

If you're dealing with a board member bully, check out these tips to learn how to handle them.

Legislative Updates for Illinois Condominiums

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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In addition, the Condominium and Common Interest Community Ombudsperson Act was extended and is now scheduled to be repealed on January 1, 2024.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?

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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

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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