(765 ILCS 710/1.1) (from Ch. 80, par. 101.1)
Sec. 1.1.
In the event of a sale, lease, transfer or other direct or indirect
disposition of residential real property, other than to the holder
of a lien interest in such property, by a lessor who has received a security
deposit or prepaid rent from a lessee, the transferee of such property shall
be liable to that lessee for any security deposit, including statutory interest,
or prepaid rent which the lessee has paid to the transferor. Transferor
shall remain jointly and severally liable with the transferee to the lessee
for such security deposit or prepaid rent.
(Source: P.A. 81-1525.)
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