An estoppel certificate is a document often used in real estate transactions to confirm important details regarding the status of a condo or home. It’s usually requested prior to closing on a real estate sale to provide the buyer with assurance that there are no hidden fees or legal issues associated with the property.
An estoppel … Read More ›
“2024 Legal Updates Impacting Illinois Community Associations: Part 1: Federal Corporate Transparency Act” – KSN attorneys Omar Malik and Joshua Weinstein discuss important 2024 legislative updates impacting Illinois condominium, homeowner (HOA), and townhome associations.
Topics include Federal Corporate Transparency Act (CTA) legal requirements, deadlines, penalties, board member responsibilities, and more. (22 mins.)
The KSN Podcast examines various … Read More ›
The Corporate Transparency Act (CTA) is a U.S. law that was passed in 2021. It requires certain businesses to disclose ownership information to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
The federal law was created to increase business transparency and accountability to prevent illegal activities, particularly … Read More ›
Several changes in 2024 Illinois legislative have impacted the management of condominium, homeowner (HOA), and townhome community associations. Below is an amended summary our law firm has compiled with implications of these legal updates.
If you have questions or concerns regarding these legislatives updates and their impact on your association, please do not hesitate … Read More ›