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In This Issue

  • Monthly Attorney Retainers: Are they worth the expense? 
  • Unit Foreclosure Actions: Should the association spend money to get involved? 

News

Altus Legal is excited to announce a co-counsel relationship for certain litigation services with premiere community association firm Keough & Moody ("K&M") with locations in Chicago and Naperville, benefitting our clients from the years of litigation experience K&M offers.

While Altus is growing rapidly, we remain a small firm. With K&M brought in on certain litigation matters, Altus can offer large-scale litigation services, ensuring our clients are covered no matter what the issue. Feel free to contact us if you'd like to know more.

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Are Monthly Attorney Retainers Even Worth It? 


Board members and property managers often ask whether monthly retainers “make sense” for associations. The answer (like nearly every answer from an attorney) is, “well, that depends.” When deciding whether a monthly retainer is worth the money, most boards consider only the retainer cost and the association's estimated monthly legal needs. However, there are three other key factors each board should consider before signing the retainer agreement.

Read more at our blog to see the full article. 

Foreclosure Actions: Should the Association Spend Money to Get Involved?


Why is it that association attorneys pester their clients to have them file documents with the court, spending association money that it may well never recoup? You might be thinking: “That’s easy – lawyers like the extra work because they love money.” While you’re not entirely wrong about that, the real answer is that your attorney is doing his or her duty to ensure that the board members protect the association’s financial interests.

But how does getting involved in the foreclosure process protect the association’s interests? In sum, by helping to possibly get money flowing back into the operating account as soon as possible using one of these two methods.


Read the full article at our blog here.

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