Condominiums, homeowner, and townhome associations can choose to regulate signage in their communities including posters, flags, banners, and other displays.
Commercial signage can be prohibited on homeowner and unit owner property.
The amount of time a “For Sale” sign can be displayed in front of a property can be addressed in the association’s rules and bylaws.
Owners … Read More ›
We are now more than three years into the condominium deconversion wave that took the Chicagoland real estate industry by surprise in 2015. While deconversions may appear to be commonplace, so are the challenges to these unique large sale transactions.
Some unit owners have mounted vocal and often caustic challenges in opposition to these sales. Others … Read More ›
In the past few years, the demand for rental units has increased due to a number of factors including rising home prices, declining homeownership among seniors, increased single-person households, and tougher mortgage lending standards. Accordingly, a new phenomenon has emerged where all the units in a condominium building are sold to a third party who … Read More ›
In a record-breaking month, Kovitz Shifrin Nesbit attorneys overcame significant obstacles to close on the sale of 900 condominium units in less than two weeks in December 2018. This included the sale of Flats on LaSalle Condominium Association, Surfside Condominium Association, and 449-units in the River City Condominium Association.
The sale of all 900 condominium units … Read More ›