As you’re probably well aware, condominium, townhome, and homeowner’s association residents typically pay regular assessments to cover collective maintenance expenses. But what happens when there are financial needs outside of the community’s annual budget? Enter Special Assessments.
Let’s review the basics:
What are Special Assessments?
Special assessments are monies, in addition to the regular monthly assessment, collected by … Read More ›
Following the Illinois Supreme Court’s January 25th, 2019 Decision in Rosenbach v. Six Flags Entertainment Corporation, condominium, townhome, and homeowner’s associations utilizing biometric-based technology (that is, employee timeclocks and other technology requiring a person to provide a retina scan, fingerprint, voiceprint, hand-scan or face-scan) can find themselves facing severe statutory penalties for failing to comply … Read More ›