Robert Prince

Illinois Service Providers

Accounting Brad Schneider, CPACondoCPA, Inc.Brad L. Schneider CPA331-979-7217Brad@CondoCPA.comwww.condocpa.com Banking Thomas Engblom, Ph.D, CMCA, AMS, PCAM, ARM, CPM Vice President Regional Account Executive MidwestCIT Group Inc.(312) 209-2623thomas.engblom@cit.comwww.cit.com Insurance Joel Davis, CPCU, CIC, CIRMSCommunity Association Underwriters of America (CAU)2300 North Barrington Road, Suite 400Hoffman Estates, IL 60169(847) 278-8810jdavis@cauinsure.comwww.cauinsure.com Legal Robert PrinceCervantes Chatt & Prince P.C.111 W. Washington …

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Covenants, Conditions and Restrictions (CC&Rs)

Covenants, Conditions and Restrictions (CC&Rs) How are the elements of a community defined? What establishes the components of the common areas versus homeowner-owned areas? Where is it written that certain elements are the responsibility of the homeowner and that others are the responsibility of the association? These issues and others are established in an association’s …

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Transitions

What is a transition? Transition is the event where control of the association transfers from the developer to the association. When transition occurs is set by law – three years after the recording of the original CCRs, when 75% of the units have been sold or when the developer willingly hands control over to the …

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Construction Defects

What is a construction defect? A construction defect occurs when something built by the developer was not built to the industry standard, such as walls that are missing vapor barriers. When is a defect the concern of individual unit owners as opposed to the association as a whole? Owners generally only have claims on damages …

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