Each year the City of Chicago Comptroller is required to review and set the rate of interest to be paid on security deposits for residential lease agreements.
As recently announced on the City of Chicago website, the rental agreement security deposit interest rate is set at 0.01% from January 1, 2025 through December 31, 2025.
Here is … Read More ›
Illinois condominium, homeowner (HOA) and townhome community associations must navigate an evolving legal landscape. Here are the latest updates and their implications for board members, property mangers, and community leaders in 2025.
Corporate Transparency Act (CTA)
The Corporate Transparency Act requires businesses, including community associations, to disclose ownership information to the Financial Crimes Enforcement Network (FinCEN).
Who must … Read More ›
Florida condominium, homeowner (HOA) and townhome community associations must navigate an evolving legal landscape. Here are the latest updates and their implications for board members, property mangers, and community leaders in 2025.
Corporate Transparency Act (CTA)
The Corporate Transparency Act requires businesses, including community associations, to disclose ownership information to the Financial Crimes Enforcement Network (FinCEN).
Who must … Read More ›
In the wake of the tragic Surfside condominium collapse in 2021, which resulted in the loss of 98 lives, Florida’s Legislature passed critical laws to enhance building safety and prevent similar disasters in the future.
Senate Bill 4-D, passed in 2022, and Senate Bill 154, passed in 2023, introduced strict regulations for condominium and cooperative buildings. … Read More ›