On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury issued updated guidance addressing the Corporate Transparency Act (CTA).
The CTA directs FinCEN to establish a nationwide database of beneficial ownership of certain corporations and other legal entities including condominium, homeowner (HOA) and townhome community associations. According to FinCen, the term “reporting … Read More ›
The Illinois Appellate Court’s ruling in Carey v. The 400 Erie Condominium Association, a recent Rule 23 opinion of the First Appellate District Court, provided guidance for handling smoking nuisance cases in condominiums, emphasizing that rules may permit smoking within units as long as it does not cause nuisance or unreasonable disturbance to others.
The court … Read More ›
The City of Chicago released the final, updated version of the Residential Landlord and Tenant Ordinance (RLTO) Summary as reflected on their website (https://www.chicago.gov/city/en/depts/doh/provdrs/landlords/svcs/residential-landlord-and-tenant-ordinance.html).
This version of the Summary must be attached to all new leases and lease renewals effective immediately.
After the City of Chicago published a “draft” version of a new RLTO Summary on … Read More ›
Recent Florida legislation (HB 1021) was passed addressing issues including issues impacting condominium associations. Topics include:
Management of official records: The legislation defines condominium association official records, retention guidelines, inspection requirements, and more. It also specifies the duties of community association managers and firms, including the timely return of official records after contract termination and protocols … Read More ›