As you are aware, boards consist of volunteer members serving to make the association a better place to live. As volunteers, we have noticed common mistakes made by board members in fulfilling their responsibilities.
The following is a list of the top five mistakes made by board members in administering the affairs of an association:
Failure to … Read More ›
After April 15 (the infamous tax day), most people generally stop worrying about taxes. However, if you reside in and/or serve on the Board of Directors of a condominium, townhome or homeowners association, the tax process is just beginning. The tax man, it seems, is not bound to any particular calendar.
There are generally three types … Read More ›
I was recently asked whether I believed the board should adopt an Amended and Restated Declaration. The purpose of an amended and restated declaration is to take the association’s current declaration, delete all provisions which conflict with the provisions of the Illinois Condominium Property Act (“Act”) and add all the provisions of the Act which … Read More ›
As you may recall, I recently wrote an article regarding an owner’s right to install a satellite dish on the common property in the Association. In that article, I used the term “limited common elements”. Since that article, I have received a number of questions from Board members of condominium associations regarding limited common elements.
As … Read More ›