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Chapter 1 — The Illinois Act and Condominium Titles
II. [1.2] History of Condominium Concept
IV. [1.7] Analysis of Illinois Condominium Property Act
V. Problems of Condominium Practice
Chapter 2 — Tax Considerations in Condominium Development
III. [2.3] Form of Organization of Developer
IV. Tax Accounting
V. [2.31] Resort Condominiums
VI. Special Problems in Development and Ownership
Chapter 3 — Development Plans for New or Partially Completed Housing Developments
II. Basic Project Documentation
III. [3.6] Choice of Form of Unit Ownership
IV. [3.14] Project Documentation — Issues To Be Covered
VII. [3.27] Conversion Projects
VIII. [3.31] Multi-Building and Phased Developments
X. Representing the Development Plan to the Public
XII. Considerations When Acquiring Title to a Partially Completed Project
Chapter 4 — The Condominium Construction Finance
V. [4.5] Loan Commitment
Chapter 5 — The Condominium Property Report
V. [5.5] Distinctions Between Act and Ordinance in Terms of Disclosure Requirements, Notice of Intent, and Tenants’ Rights
VII. [5.9] Delivery of Property Report and Condominium Disclosure Summary
VIII. [5.12] Contents of Property Report and Discussion of Selected Provisions
X. [5.18] Amendment to Condominium Documents
Chapter 6 — Conversion of Existing Structures
II. Conversion Plan
III. [6.37] Implementing the Conversion Plan
IV. Appendix
Chapter 7 — The Condominium Documents
II. Condominium Purchase Agreement
III. [7.15] Declaration of Condominium Ownership
IV. [7.46] Staged Development
V. Other Required Documents
Chapter 8 — Representing the Unit Purchaser/Seller
II. Representing the Purchaser
Chapter 9 — Representing the Condominium Association
II. Introduction
III. Legal Basis of the Condominium Association
IV. [9.16] Duties and Responsibilities of the Board
V. [9.27] Dealing with Developers
XI. Rule Enforcement
XIII. Appendix
Chapter 10 — Condominium Management
I. Scope of Chapter
II. Management by Developer
III. Rights and Liabilities of Condominium Manager
IV. Fiduciary Duty
VI. Appendix
Chapter 11 — Financing Major Improvements or Capital Expenditures
II. [11.2] Considerations Before Obtaining a Loan
III. [11.11] Loan Application Package
IV. Appendix — Sample Forms of Documentation Required by Lenders
Chapter 12 — Taxation of Homeowners’ Associations
III. Code §277
IV. Code §528 Elections and Filing Requirements
VII. Comparison of Filing Under Code §§528 and 277
VIII. Other Tax Issues
IX. Appendix — Additional Resources
Chapter 13 — Real Estate Taxes
V. Assessing Condominium Units
IX. Valuation Complaints
Chapter 14 — Local Condominium Ordinances
V. [14.5] Condominium Conversion Ordinances
Chapter 15 — Liability Problems
II. Suits Against Developers for Construction Defects
III. Other Potential Controversies Between the Developer and Unit Owners
IV. [15.25] Interrelations Between the Board of Managers and the Unit Owners
Chapter 16 — Condominium Litigation
II. Actions Between Condominium Unit Owners and the Association
III. Actions Involving Outside Parties
IV. Substantive and Procedural Issues
Chapter 17 — Commercial Condominiums
III. [17.3] The “Pure” Commercial Condominium
V. [17.9] Caveat: The “Securities” Risk
IX. Involuntary Sale of Property — The “Forced Sale” Risk
Chapter 18 — Distressed Condominium Developments
III. Representing the Developer
IV. Representing the Association
V. [18.28] Representing the LenderJordan I. Shifrin is the Retired Principal of Kovitz Shifrin Nesbit, in Mundelein. Not only did Mr. Shifrin start Kovitz Shifrin Nesbit, he established the firm’s core values of simplicity, responsiveness, kindness, efficiency, innovation, and entrepreneurship. He is among the industry’s best known and most highly respected Common Interest Community Association (condominium, townhome, homeowner, master) law attorneys. Over the years, he has counseled thousands of associations and mentored dozens of attorneys, including several who practice at KSN today. Mr. Shifrin is among the most widely published attorneys in his field, with numerous articles, newspaper columns, and two books to his credit. Additionally, he is a fellow of the CAI (Community Associations Institute) College of Community Association Attorneys, a charter member of Leading Lawyers, and a charter member of Super Lawyers (Illinois, named on the Super Lawyers list for over 10 consecutive years). Mr. Shifrin is a member of numerous professional organizations, including the National Association of Housing Cooperatives and the Illinois State Bar Association, and has served as president of the Northwest Suburban Bar Association and as a member of the Board of Directors of the Illinois Chapter of the Community Associations Institute. He received his B.A. and M.A. from the University of Illinois — Chicago and his J.D. from The John Marshall Law School.
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