HB0471 EngrossedLRB100 06006 HEP 16036 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 Landlord and Tenant Act is amended by adding
5Section 17 as follows:
 
6    (765 ILCS 705/17 new)
7    Sec. 17. Rental of property subject to foreclosure
8proceedings.
9    (a) If a landlord enters into a lease with a tenant after
10receiving notice that a foreclosure proceeding has been
11initiated against the property, and the tenant later is
12required to vacate the premises as a result of the foreclosure
13action, the tenant may recover all of the rent payable from the
14time the lease is entered into until the tenant vacates the
15premises.
16    (b) A landlord who receives notice that a foreclosure
17proceeding has been initiated against the property shall
18provide notice of the foreclosure action to the tenant.