On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against enforcing the Corporate Transparency Act (CTA). The injunction temporarily halted community association board members across the U.S. from filing the required beneficial ownership information (BOI) reporting. On December 6, 2024, the government filed a notice … Read More ›

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 ›