ASSOCIATION DECONVERSIONS

• Guide Board and Unit Owners through Illinois Condominium Property Act and Declaration sale/conversion process and guidelines
• Draft notices and attend meeting to aid discussion and provide best practices
• Negotiate Purchase Sale Agreement (contract), inspection items, riders and amendments
• Attend unit owner meeting to confirm quorum and minimum vote was obtained
• Draft individual seller closing documents, order title, clear title exceptions, prepare lease assignments and contract termination letters
• Create closing statements for owners review and approval, attend and facilitate closing

RESIDENTIAL TRANSACTIONS

• Negotiate your contract and inspection issues
• Coordinate with lender to secure a final loan commitment – clear to close
• Review and approve association 22.1 packet (budget, meeting minutes, 22.1 statement) to avoid special assessments and surprise projects.
• Review title commitment and provide clear title at closing
• If seller, preparing closing documents and attend closing on your behalf
• If purchaser, attend closing to explain all loan and closing documents

GENERAL ASSOCIATION GOVERNANCE

• Answer Legal Questions Regarding Day-to-Day Operations and Governance
• Interpret and Provide Legal Opinions Regarding Provisions in Declarations, Bylaws, Rules and Regulations and Applicable Statutes
• Collection of delinquent assessments and other charges
• Review and Negotiate Contracts
• Prepare Declaration and Bylaw Amendments
• Review and Amend Rules and Regulations
• Enforce Restrictions, Covenants and Rules and Regulations
• Attend and Oversee Annual Meetings and Elections
• Prepare Board Resolutions, Policies, Proxies and Other Official Documents
• Defend Associations at Building Code proceedings for building code violations
• Prepare and Review Loan Documentation
• Guide Association through Transition from Developer Control and Address Turnover Issues