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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5257
Introduced 2/3/2010, by Rep. Harry Osterman SYNOPSIS AS INTRODUCED:
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765 ILCS 605/3 |
from Ch. 30, par. 303 |
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Amends the Condominium Property Act. Makes a technical change in a Section
pertaining to the submission of property to the provisions of the Act.
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A BILL FOR
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HB5257 |
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LRB096 18253 AJO 33628 b |
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| AN ACT concerning civil law.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Condominium Property Act is amended by |
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| changing Section 3 as follows:
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| (765 ILCS 605/3) (from Ch. 30, par. 303)
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| Sec. 3. Submission of property. Whenever the
the owner or |
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| owners in fee simple,
or the sole lessee or all lessees of a |
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| lease described in item (x) of Section
2, of a parcel intend to |
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| submit such property to the provisions of this Act,
they shall |
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| do so by recording a declaration, duly executed and |
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| acknowledged,
expressly stating such intent and setting forth |
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| the particulars enumerated in
Section 4. If the condominium is |
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| a leasehold condominium, then every lessor of
the lease |
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| creating a leasehold interest as described in item (x) of |
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| Section 2
shall also execute the declaration and such lease |
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| shall be recorded prior to
the recording of the declaration. |
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| The execution of a declaration required
under this Section |
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| by the lessor under a lease as described in item (x) of
Section |
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| 2 does not make the lessor a developer for purposes of this |
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| Act.
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| (Source: P.A. 93-474, eff. 8-8-03.)
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