HB4782 EngrossedLRB098 17137 HEP 52224 b

1    AN ACT concerning civil law.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Code of Civil Procedure is amended by
5changing Section 9-111.1 as follows:
 
6    (735 ILCS 5/9-111.1)
7    Sec. 9-111.1. Lease to bona fide tenant. Upon the entry of
8a judgment in favor of a board of managers for possession of
9property under the Condominium Property Act, as provided in
10Section 9-111 of this Act, and upon delivery of possession of
11the premises by the sheriff or other authorized official to the
12board of managers pursuant to execution upon the judgment, the
13board of managers shall have the right and authority,
14incidental to the right of possession of a unit under the
15judgment, but not the obligation, to lease the unit to a bona
16fide tenant (whether the tenant is in occupancy or not)
17pursuant to a written lease for a term which may commence at
18any time within 8 months after the month in which the date of
19expiration of the stay of judgment occurs. The term may not to
20exceed 13 months from the date of commencement of the lease.
21The expiration of the stay of judgment unless extended by order
22of court may, upon motion of the board of managers and with
23notice to the dispossessed unit owner, permit or extend a lease

 

 

HB4782 Engrossed- 2 -LRB098 17137 HEP 52224 b

1for one or more additional terms not to exceed 13 months per
2term. The board of managers shall first apply all rental income
3to assessments and other charges sued upon in the action for
4possession plus statutory interest on a monetary judgment, if
5any, attorneys' fees, and court costs incurred; and then to
6other expenses lawfully agreed upon (including late charges),
7any fines and reasonable expenses necessary to make the unit
8rentable, and lastly to assessments accrued thereafter until
9assessments are current. Any surplus shall be remitted to the
10unit owner. The court shall retain jurisdiction to determine
11the reasonableness of the expense of making the unit rentable.
12(Source: P.A. 91-357, eff. 7-29-99.)