Matthew Moodhe
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Owner meeting to discuss proposed budget not requiredApr 17, 2025 6:25 pm - Unit owners only need to get a copy of the proposed budget in writing before the board votes on it. A separate meeting of unit owners to explain and discuss the budget is not required.
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Income tax filing requirements for community associationsApr 10, 2025 6:57 pm - It comes as a surprise to some, but condominiums and other forms of community associations are entities that must file income tax returns.
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Unit-to-unit water damage presents tangled insurance webMar 27, 2025 12:29 am - Water damage in condos can be complicated, especially when leaks occur between units. The association insurance may cover some damage while other damage may be left to the unit owners to sort out with their insurance companies. Because of the complexities involved, an association board should consult its legal counsel when such damage occurs.
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Closed session not allowed for officer selectionMar 20, 2025 4:22 pm - It’s a common misconception that a community association board can meet in closed session to determine the selection of president, secretary and treasurer. What should a board do if they’ve already done this?
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Upcoming deadline for Illinois condominium associationsMar 13, 2025 2:44 pm - The deadline is nearing for association boards to adopt a written policy concerning requests for accessible parking spaces. An expert details the procedures.
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Transparency act enforcement paused while scope is examinedMar 06, 2025 7:03 pm - Board members of community organizations are again given a reprieve in a requirement to supply “beneficial ownership information” to the U.S. Department of the Treasury.
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New deadline set for transparency act complianceFeb 27, 2025 12:53 pm - A court ruling has reinstated enforcement of the Corporate Transparency Act, putting board members of community associations back in the position of needing to file personal information with the federal government.
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Speed rules on private roads are enforceable, but it’s trickyFeb 20, 2025 5:32 pm - Is an association board responsible for enforcing a speed limit “rule” on their private roads, as they are supposed to enforce any other rules in the association? The answer can be complicated.
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Making sense of types of associations and solar panel rulesFeb 13, 2025 1:54 pm - How do we know if our condominium association is considered a “common interest community association?” Our association does not have solar panels. Would the Illinois Homeowners Solar Rights Act apply if we were considering solar panels?
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Selling off board’s condo unit requires vote of ownersFeb 06, 2025 11:53 am - A condo association has used a studio unit for offices and storage, but now wants to sell the unit. What steps are required for this sale to take place?