Condo Management

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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What Are the Procedures for a Condo Board Member’s Removal in Illinois?

February 16, 2023

Not all board members end up fulfilling their roles and responsibilities as they were elected to do. Maybe they just never show up to board meetings or worse, they engage in malicious behavior. If your Chicago condo association finds itself in the position of needing to remove a board member, what can you do about …

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What Should I Expect to Find in Our Condo Board’s

February 16, 2023

A condo association’s Declaration of Covenants, Conditions and Restrictions, a.k.a. its CC&Rs, is a set of rules that govern the condo community. Because associations are like mini-governments, these rules are in place so that all condo owners know what’s acceptable in terms of behavior and responsibilities. It also makes them aware of any consequences that …

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Who is Entitled to See a Condo Board’s Minutes in Illinois?

February 16, 2023

Condo associations in Illinois are required to hold unit owner meetings at least once per year. Board meetings must occur at least four times per year. At each of these meetings, the board’s secretary is required to document meetings and save the notes as board minutes.  In Illinois, the Department of Financial and Professional Regulation (IDFPR) sets …

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What Insurance Coverage Does Your Condo Association Need?

February 16, 2023

Condo association board members are responsible for ensuring their association is protected and covered in the event of an emergency or any other situation that results in damage to the property or liability.  Analyzing insurance coverage options is far from easy, but there are a few specific types of insurance your Chicago condo association must …

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3 Red Flag Maintenance Issues for Every Condo Association Board

February 16, 2023

Maintenance expenses make up one of the largest categories of spending for condo associations and HOAs. New building or old, keeping a property in good condition costs money, and condo boards should plan for them.  It’s worth remembering that it’s almost always cheaper to stay on top of maintenance than deal with much bigger (and …

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