Sunday, August 15, 2010

New Illinois State Law for Homeowner Associations

Although I think it did not make many waves in the general news media, the Illinois state legislature passed an act that provides a road map for homeowner associations that are NOT a condominium. I suppose the reason I took note of it is because I own a townhouse that is not a condo, but it is under the governance of a homeowners association.

Illinois has had a condo law to guide condo associations in their governance for many years, but nothing for situations such as my community of 36 homes.

Please welcome to the world PA 96-1400, otherwise known as "Common Interest Community Association Act." It reads much like the condo act, so for those of us who love rules and regulations (and laws to help us know how to behave), this will not be unfamiliar language, and easy to understand.

Except for homeowner associations that have professional management to inform them of this new law (yes, it is in effect), it is mildly amusing to consider how few associations will even be aware of this new law. This blurb is my feeble attempt to pass it along.

Cheers to you, all you Boards of Directors!