765 ILCS 70/ Dwelling Structure Contract Act.

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PROPERTY
(765 ILCS 70/) Dwelling Structure Contract Act.

765 ILCS 70/0.01

(765 ILCS 70/0.01) (from Ch. 29, par. 8.10)

Sec. 0.01.

Short title.

This Act may be cited as the

Dwelling Structure Contract Act.

(Source: P.A. 86-1324.)

765 ILCS 70/1

(765 ILCS 70/1) (from Ch. 29, par. 8.11)

Sec. 1.

As used in this Act, unless the context requires otherwise:

(a) "Single dwelling unit" means any apartment, efficiency apartment,
kitchenette apartment, sleeping room, dwelling room or any other portion of
any building or structure that is occupied or resided in by a family unit.

(b) "Family unit" means any person maintaining a household, or 2 or more
persons maintaining a common household. A person is deemed to be
maintaining a household even though the room or rooms being occupied are
only sleeping rooms.

(c) "Dwelling structure" means any private home or residence, or any
building or structure containing one or more single dwelling units for one
or more family units, living independently of each other. A family unit is
deemed to live independently of another family unit even though the family
units may be required to share cooking facilities, laundry facilities or
bathroom facilities. Dwelling structure units do not include public or
private hospitals, public or private school dormitories, fraternity houses,
convents, monasteries, mental institutions, penal institutions, seminaries,
State licensed nursing homes or shelter care homes, or any federal, State,
county or municipal institution or home.

(d) "Contract seller" means the owner of a dwelling structure, or the
owner's agent who executes a contract to sell a dwelling structure for the
owner.

(e) "Contract" means any contract or agreement whereby a contract seller
agrees to sell and a buyer agrees to buy a dwelling structure and the
contract seller continues to have an interest, as security for the purchase
price or otherwise, in that property. The term "contract" includes
contracts for deeds, bonds for deeds or any other sale or legal device
whereby a dwelling structure is sold, conveyed or transferred for a
consideration.

(Source: Laws 1967, p. 1992.)

765 ILCS 70/2

(765 ILCS 70/2) (from Ch. 29, par. 8.12)

Sec. 2.

After the effective date of this Act all contracts for the sale of
a dwelling structure may be recorded or registered with the recorder or
the Registrar of Titles in the same manner as a deed or other
document relating to the title of the real estate to be sold. Any provision
in a contract for the sale of a dwelling structure which forbids the
contract buyer to record the contract or provides that recording shall not
constitute notice or provides for any penalty for recording is void.

(Source: P.A. 83-358.)

765 ILCS 70/3

(765 ILCS 70/3) (from Ch. 29, par. 8.13)

Sec. 3.

This Act shall not affect the validity of any contract
executed before the effective date of this Act.

(Source: Laws 1967, p. 1992.)