Board members have a duty to maintain and improve property values within their condominium, homeowner (HOA), and townhome associations.
To satisfy this obligation, Boards must:
Address upkeep and infrastructure concerns that impact the health and safety of community residents.
Adequately inform themselves as to the condition of the property and any common elements or common areas.
Where appropriate, seek … Read More ›
A force majeure clause is a provision allowing parties to alter, prevent, or delay their contractual obligations due to circumstances beyond their control. These circumstances make performance impractical or unfeasible and can be impacted by any number of concerns, including severe acts of nature, labor disputes, terrorism, and epidemics.
In a recent decision from the Northern … Read More ›
Often times, a mechanics lien claim filed by a contractor or sub-contractors for work performed on the Association’s common elements has the effect of creating a cloud on title which complicates and in some cases prevents the refinancing or sales of units in the Association.
Commencing on January 1, 2016, a new law (770 ILCS 60/38.1) … Read More ›