Full Text of HB3062 97th General Assembly
HB3062 97TH GENERAL ASSEMBLY |
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012 HB3062 Introduced 2/23/2011, by Rep. Ann Williams SYNOPSIS AS INTRODUCED: |
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Amends the Landlord and Tenant Act. Provides that a landlord shall make a good faith effort to timely disclose by written notice given to each residential or commercial tenant following, or in anticipation of, a significant change concerning the property at which the leased premises is located by stating that the property: is the subject of a foreclosure action, the control of the property has changed or will change, and that the tenant may terminate, without penalty, the lease upon 90 days' written notice; is for sale or has been sold; or that the premises are or will be under different management. Provides that, if the property where the leased premises is located is in foreclosure, a tenant may terminate, without penalty, the lease upon 90 days' written notice to the landlord. Provides that a landlord shall make a good faith effort to disclose in a timely manner to each prospective residential or commercial tenant who is considering leasing premises that the property at which the premises is located: is the subject of a foreclosure action; is for sale or has been sold; or will be under different management.
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| | A BILL FOR |
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| | | HB3062 | | LRB097 07028 AJO 47121 b |
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| 1 | | AN ACT concerning civil law.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Landlord and Tenant Act is amended by adding | 5 | | Section 9 as follows: | 6 | | (765 ILCS 705/9 new) | 7 | | Sec. 9. Notice to tenant and prospective tenant. | 8 | | (a) A landlord shall make a good faith effort to disclose | 9 | | by written notice given in a timely manner to each residential | 10 | | or commercial tenant following, or in anticipation of, a | 11 | | significant change concerning the premises, as described in | 12 | | paragraph (1), (2), or (3), that the real estate at which the | 13 | | leased premises is located: | 14 | | (1) is the subject of a foreclosure action (including | 15 | | the name of the case, the case number, and the court where | 16 | | the foreclosure action is pending); whether the control of | 17 | | the real estate in foreclosure has or will change; and that | 18 | | the tenant, upon notice to the landlord, may terminate the | 19 | | lease, without penalty, after giving the landlord 90 days' | 20 | | written notice of the termination under this Section; | 21 | | (2) will be offered for sale or that the property has | 22 | | been sold; or | 23 | | (3) will be under different management or that the |
| | | HB3062 | - 2 - | LRB097 07028 AJO 47121 b |
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| 1 | | property now has different management. | 2 | | (b) If the real estate at which the leased premises is | 3 | | located is the subject of a foreclosure action, the tenant may | 4 | | terminate the lease, without penalty, by giving 90 days' | 5 | | written notice of the termination. | 6 | | (c) A landlord shall make a good faith effort to disclose | 7 | | in a timely manner to each prospective residential or | 8 | | commercial tenant who is considering leasing premises from the | 9 | | landlord that the real estate at which the premises is located | 10 | | has been or will be significantly affected by any of the | 11 | | following: | 12 | | (1) the property is the subject of a foreclosure action | 13 | | (including the name of the case, the case number, and the | 14 | | court where the foreclosure action is pending); | 15 | | (2) the control of the real estate will change; | 16 | | (3) the property will be offered for sale or the | 17 | | property has been sold; or | 18 | | (4) the property will be under different management.
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