Effective March 11, 2024, the Illinois Housing Development Authority (IHDA) has implemented changes to the Court-Based Rental Assistance Program (CBRAP) which reduces the awards granted to landlords.
As many landlords and rental property managers are aware that during the pandemic, the IHDA offered rental assistance in phases, periodically opening and closing application periods as funds were … Read More ›
In this checklist, we delve into a variety of important issues impacting condominium, homeowners (HOA), and townhome community associations. By examining these pivotal areas, we hope to empower board members, community leaders, and property managers with the knowledge and tools to navigate the evolving landscape of effective association management.
To organize this checklist, we’ll use the … Read More ›
A condo termination, also known as a condominium deconversion, refers to the process where a condominium association legally dissolves. Condo terminations occur for several reasons including economic factors, aging infrastructure, or the desire of unit owners to capitalize on real estate market conditions.
The specifics of how a condominium termination is carried out can vary based … Read More ›
The City of Chicago made a recent update to 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).
“The ordinance requires that a summary copy of the ordinance be given to prospective tenants by the landlord. The summary must be attached to each written lease agreement and lease renewal, and … Read More ›