After heated debate for months in the City Council, Chicago finally adopted its short-term and shared housing rental ordinance on June 22, 2016. The final version of the ordinance affords condominium and homeowners associations protections against the growing number of short-term vacation rentals, through platforms such as AirBnB and HomeStay, that have association Boards concerned … Read More ›
To the benefit of Associations who are hit hard by the foreclosure crisis, the First District Appellate Court recently held that third-party purchasers cannot circumvent payment up to six months of the prior owner’s assessments if the lender uses a subsidiary to purchase the property at the foreclosure sale.
In Wing Street of Arlington Heights Condominium … Read More ›
So you get the dreaded call from our office: the tenants are disputing the eviction lawsuit and your appearance at trial is necessary. Beads of sweat spill from your brow as you imagine James Spader drilling you with philosophical theories as William Shatner frolics mindlessly in the background distracting you from the barrage of questions. … Read More ›
Speaking on Association collections at the recent CAI Illinois Chapter Conference was an enlightening experience. Discussing, with experienced property managers and earnest Board members, how the foreclosure crisis affects the collection of assessments, our eyes were opened to the extent most Associations are missing a great opportunity to collect. We found most Association Board members … Read More ›