Connected Management Blog

Condo foreclosures, delinquencies and the new 9 months rule (Illinois Senate Bill 2664, ISBA FORECLOSURE BILL) If you are a member of a condo board then you will eventually be forced to deal with owners that are delinquent in their payment of their monthly assessments. Unfortunately, severe assessment delinquency is often coupled with an impending foreclosure. After all, if a unit owner is not making their monthly assessment payment to the association, it's a good bet that the owner is struggling to pay their mortgage. If a foreclosure occurs within your association you have a financial interest in handling the...

Illinois House Bill proposes mandatory payment plans for delinquent owners HB 4154 (Rep. Madigan and Rep. Kifowit) ALTERNATIVE PAYMENT OF DELINQUENT ASSESSMENTS. Overview of the bill This bill proposes the creation a new Sec. 1-47 of the Common Interest Community Association Act which would mandate that common interest communities of more than 14 units adopt “reasonable guidelines” for delinquent owners to pay regular and special assessments. The bill would require the association to adopt and record in the county recorder’s office guidelines for a payment plan. The payment plan would need to be a minimum of 3 months and not extend...

Understanding Palm v. 2800 Lake Shore Drive – A practical perspective Earlier this month the Illinois Appellate Court issued an order that is causing quite a stir in condo association circles. Palm v. 2800 Lake Shore Drive is a case that relates to how boards of condo associations conduct their business. Specifically, how board members communicate and make decisions. On the surface the ruling appears to introduce an incredible level of difficulty to the process that a board must follow in order to perform their duties. Many of the updates that I have read from attorneys and other professionals in...

Chicago bed bug ordinance (2014) For reference purposes the ordinance is attached to this post. Part of the new ordinance is the requirement for all condo associations to prepare and adopt a "pest management plan for the detection, inspection and treatment of bed bugs in the building". The city is required to post a sample plan to their website so that board members can have an idea what this type of plan should look like. The city has yet to post this sample plan so it is not yet possible to adhere to the ordinance.  After all, how would a...

Section 19 of the Illinois Condominium Act discusses the type of records that the Board must maintain and rules related to what records must be provided to a unit owner upon request. This is a recap of the section of the Act to help clarify what is required. Documents that must be kept by the Board The following must be maintained by the Board or management company: 1) The association's declaration, bylaws, and plats of survey, and all amendments of these. 2) The rules and regulations of the association, if any. 3) If the association is incorporated as a corporation,...