It’s a question we’re asked all the time: “Can we use reserves to cover an operating fund shortfall?” Under normal circumstances, our standard response would be an emphatic “No!”—because reserves are for major repair and replacement project…
Whether you’re living in a co-op apartment building in Manhattan, a condo on Chicago’s Gold Coast, or a townhouse community or HOA in Las Vegas, Reno, or Florida, issues of legality and liability are always a concern for owners, board membe…
Whether you live in a super-luxe Park Avenue co-op in New York City, a waterfront condo on Lakeshore Drive, a sprawling HOA in Nevada, or a multifamily community in Miami, one thing is certain: you have neighbors. Hopefully they’re the peop…
A few years ago, I was on the phone with a homeowner. He was irate with how his community’s money was being spent. He was unhappy with the budget increase. It was a call I took regularly from any one of my homeowners (and more often than no…
According to a recent piece in Chicago Agent Magazine , the office of the Cook County Recorder of Deeds, which has been closed due to the ongoing coronavirus pandemic, is now able to accept and record plans and condo declarations with a …
The Cooperator Events presents A Virtual Town Hall: Clearing the Air - Keeping Your Indoor Environment Clean, Safe, and Contaminant-Free, Sponsored by O&S Associates, Inc. Tuesday June 30, 2020 at 2:00 PM WATCH ON DEMAND With the ongoing…
Last week, Thomas M. Skiba, CAE, CAI’s chief executive officer, and Ursula K. Burgess, Esq., president of CAI’s Board of Trustees, released a statement calling for equality and justice . As communities continue to navigate the current cr…
The Cooperator Events presents A Virtual Town Hall Reserves to the Rescue? - Preserving Your Community's Physical and Financial Health, Sponsored by Association Reserves. Thursday June 18, 2020 at 2:00 PM WATCH ON DEMAND With many associ…
With the Senate’s passage of HB 1438, the Cannabis Regulation and Tax Act (“Cannabis Act”), just over a year ago, Illinois became one of the 11 states that permit both recreational and medical marijuana use. HB 1438 was passed by the Illino…
Serving on your condo or HOA board can be rewarding, but it's not without its challenges. Here, three board members weigh in on what they've found to be the toughest hurdles to clear as they work to keep their communities running smoothly. …