Connected Management Blog

When a condo association needs a large amount of cash in a short period of time, a loan may be the only option. This is especially true if the owners cannot afford a large special assessment. Association loans often become necessary as an emergency measure due to deferred maintenance and a lack of proper budgeting. These types of loans use the association's existing and future assessment income as collateral to secure the debt. This means that if the association fails to repay the loan, the bank will go after the association's assessments. Prior to this change to the Illinois Condominium Property...

What can be stored in the common hallways, stairways and other means of egress? According to the law, nothing. Interior landings, hallways and stairs must be completely clear of all items. This includes shoes, shoe racks, planters, pots or other items. The relevant section of the Chicago Municipal Code below relates to new construction: 13-160-070 Obstructions prohibited.For purposes of this section and Section 13-96-135 only: the term “small building” shall mean a residential building that is both less than four stories high and contains fewer than four residential units; and the term “large building” shall mean a residential building that is...

A new bill, SB 2354 (Sen. Haine), which will admend the Illinois Condominium Property Act and the Common Interest Community Association Act, will become effective on January 1, 2017. This bill was signed into law by Governor Rauner and became Public Act 99-0567. Since this bill amends both the ICPA and the CICA, the results affect both condominium associations and town home associations in Illinois. This amendment is critical to condominium and town home associations as it negates many of the restrictions that were previously introduced by the "Palm Case". (Palm v. 2800 Lake Shore Drive, 2014) You can read an...

The Illinois Condominium Property Act, which is the master set of laws that control condo associations in Illinois, is updated on a regular basis. Any changes to the Act automatically override and supercede rules that may be contained in your association's governing documents. (Declaration / Bylaws) Effective June 1, 2016, one such change to the Act is related to the requirements for when notices must be sent to unit owners when a Board adopts the annual budget. As a Board it is important that you are aware of this change, and follow the new rule, so that any budget that you...

Workers Compensation Insurance Workers’ Compensation insurance, sometimes referred to as Workers Comp, is the type of policy most commonly purchased by condo associations that is not required in the Illinois Condominium Property Act. Workers Comp insurance is a type of insurance purchased by employers for the coverage of employment-related injuries and illnesses. Workers Comp is state mandated in Illinois for any employer with “W2’d” employees. If your association directly employs one or more persons, and issues them a W2, you are required to pay for workers compensation insurance. Most condominium associations do not employ traditional employees, but workers comp can still...