James Schulman

Can You Enact Limits on STRs in a Condo Association?

March 27, 2023

Short-term rentals (STRs), particularly those facilitated through websites like AirBNB and VRBO, have become increasingly popular in recent years. Property owners can generate additional income, and vacationers have a comfortable place to stay. It sounds like a win-win at first blush, but not all condo associations want vacationers traipsing through their halls. If your association …

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Can You Enact Limits on Renting in an Illinois Condo Association?

March 27, 2023

The short answer to whether you can enact limits on renting condo units in Chicago is yes. Associations can restrict owners from leasing their units entirely or enact other restrictions to limit the amount of rentals within the association. What to Know About Rental Restrictions in a Condo Association Per the Illinois Condominium Property Act …

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What are the Implications of Not Paying Condo Association Dues, and How is it Enforced?

March 27, 2023

Part of living in a condo association means agreeing to pay all monthly dues and special assessments levied by the board. Unit owners who fail to make their payments on time could face serious consequences, including foreclosure and eviction. What Happens When a Unit Owner is Delinquent The condo board or the association’s management company …

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What is the Role of the Condo Association in Resolving Disputes Between Condo Owners?

March 27, 2023

A small scuffle or skirmish between neighbors can quickly escalate into a full-on dispute, but should the condo board get involved in a conflict between two condo owners? And if so, when? Here’s how a Chicago condo association should position itself if it needs to draw a line in the sand between neighbors. Let Personal …

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How to Ensure Transparency with Assessment Collection and Allocation

March 27, 2023

Unit owners who purchase property in your Chicago condo association must also agree to the association’s bylaws and rules and regulations. Included in these documents are pages upon pages of important information, but they can easily be forgotten or disregarded…until an issue arises. To prevent unwanted disputes, it’s important to maintain consistent communication with owners …

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How to Deal with Foreclosure & Eviction in Your Condo Association

March 27, 2023

Condo association boards are responsible for the well-being of their entire association community, and the way they finance shared costs and resources within the association is via assessments and dues. Each association member is responsible for making timely assessment payments, and failure to do so could lead to serious consequences – potentially, even foreclosure and …

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Best Practices for Handling Communication with Owners in a Condo Association

March 27, 2023

Communication is one of the most important roles for association board members, but it can be tricky to find the right balance. Too much communication can overwhelm owners and may cause them to disregard future messages altogether. Not enough information could lead to distrust of the board as it may seem like they are hiding …

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Laws that Govern Disputes Between Condo Owners in Illinois

March 27, 2023

When it comes to disputes, a common question many association members have is whether there are specific laws or statutes that govern how disputes between condo owners are handled in Illinois. Because condo associations and HOAs operate much like mini-governments, they need to have policies in place to help the association function efficiently and in …

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How Are the Condo Association’s Finances Audited?

February 16, 2023

One of the condo board’s biggest responsibilities is managing the association’s budget. Depending on the size of the association, some of these budgets can be quite large, yet no matter the size of the budget, maintaining oversight of financial spending is imperative.  Condo Board’s Financial Disclosure Responsibilities  Condo board members must act as fiduciaries and …

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What Resources are Available to Board Members to Guide Them in Their Roles?

February 16, 2023

Volunteering to serve on your condo association’s board is just that – voluntary. And while you are likely very interested in helping serve your community, you may not be the most experienced in this type of role. Fortunately, many resources are available to help educate you on being a condo board member and ensure you …

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