The Native Homeowner’s Landscaping Act (formally known as House Bill 5296) is a legislative measure that significantly impacts homeowners and community associations across the State of Illinois. Governor J.B. Pritzker signed the bill into law on July 19, 2024.
This law aims to promote biodiversity and environmental sustainability by allowing homeowners to plant native species in … Read More ›
Many states have distinct disclosure laws that obligate sellers to inform prospective purchasers about the home or unit they are buying within a condominium, homeowner’s association or townhome association.
These disclosures can include a variety of information and paperwork that outline the association’s leasing restrictions, rules, regulations, and other owner obligations. For example:
In Illinois, Section 22.1(a) … Read More ›
Most states have specific disclosure laws that obligate sellers to inform prospective purchasers about the condominium, homeowner association, or townhome association.
These disclosures can include a variety of information and paperwork that outline the association’s leasing restrictions, rules, upcoming capital expenditures, and other association matters.
Legislation
In Illinois, Section 22.1(a) of the Illinois Condominium Property Act describes the … Read More ›
Underfunded community associations can be at risk of falling behind on much-needed repair, restoration, or replacement.
Some board members may feel that:
Unchanging and/or reduced assessments will reduce owner complaints.
Increasing assessments will scare away potential buyers and hurt resale value
It’s acceptable to constantly utilize reserve funds to maintain or reduce assessment fees.
Major maintenance concerns can be addressed … Read More ›