B Edition: Bylaws The Bylaws of the Association are one of the central governing documents that generally serve as blueprint for the Association’s operations. For non-condos, the Bylaws are almost always attached to the Declaration as an exhibit. For condos, they can either be attached as an exhibit or included in the actual text of the Declaration. The Bylaws are included in the definitions of condominium instruments (condominiums) and community instruments (common inter

A Edition: Additional Insured Did you know that any contractor or vendor that does business with contracts that exceed $10,000 per year with a condominium association is required to name the association and board and its managing agent, if any, as additional insureds under the contractors insurance policies. They are also required to provide certificates of insurance evidencing that the insurance is in place. While there is not similar language for non-condos, those provisi

It’s a new year, and thanks to the folks in Springfield, we have over 300 new laws to deal with! We’ve read through the list of new...

As you know, Condominium and Community Associations are not-for-profit corporations, which are funded (nearly entirely) by the collection...

Managing Real Estate Professional Marc Cervantes talks about issues arising with real estate proposals during the COVID crisis....

By now you've probably seen many of the hilarious memes featuring Mayor Lorie Lightfoot...if not check it out and laugh away! Read More...

The National Association of Realtors is putting out a warning wherein supposed interested parties are performing obscene acts on Facetime...

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Whether it's a small investor or an owner of multiple units, the question on everyone's mind is what will happen to the rental market. ...