Category Archives: Reserves

What Goes Up … Must Break Down

ElevatorElevators may be the most complicated and expensive asset in your building. Fix your contract, know the basics and minimize legal risks before your community finds itself out of order. The passenger elevators in a 90-year-old, 62-unit, 16-story condominium complex in Chicago were so small and vintage...
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Nuts and Bolts: Water Ways

Storm WaterMany communities have some sort of stormwater management system – a lake, pond, wetland or dry retention basin – designed and constructed during initial development.  These stormwater systems help filter pollutants and manage the water runoff into surrounding streams, rivers, lakes, bays, the ocean or other waterways. Some stormwater...
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Condominium Associations

If you’re thinking about investing in a condominium there are many terms and policies, which may be very unfamiliar to you, one of the big ones is the condo association. A condo association, sometimes referred to as a homeowner?s association, is a legal entity that oversees development?s laws and...
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