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.

Q. If a building has been found to have major foundation issues 5 years after the last unit closed, does the condo association have a legal foothold to sue the developer and/or seek compensation?

A. This is a fairly common question for many associations that discover major defects in the building as time goes by.  Generally, building system problems such as foundation degradation, wall erosion, and other major structural problems 

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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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