HB0471eng 100TH GENERAL ASSEMBLY

HB0471 Engrossed LRB100 06006 HEP 16036 b

AN ACT concerning civil law.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Landlord and Tenant Act is amended by adding Section 17 as follows:

(765 ILCS 705/17 new)

Sec. 17. Rental of property subject to foreclosure proceedings.

(a) If a landlord enters into a lease with a tenant after receiving notice that a foreclosure proceeding has been initiated against the property, and the tenant later is required to vacate the premises as a result of the foreclosure action, the tenant may recover all of the rent payable from the time the lease is entered into until the tenant vacates the premises.

(b) A landlord who receives notice that a foreclosure proceeding has been initiated against the property shall provide notice of the foreclosure action to the tenant.