State of Illinois
92nd General Assembly
Legislation

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92_HB2442

 
                                               LRB9205247DJmg

 1        AN ACT in relation to property.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The Residential Real Property Disclosure Act
 5    is amended by changing Section 35 as follows:

 6        (765 ILCS 77/35)
 7        Sec.  35.   Disclosure  report  form.   The   disclosures
 8    required  of  a  seller by this Act must shall be made in the
 9    following form:
10             RESIDENTIAL REAL PROPERTY DISCLOSURE REPORT
11        NOTICE:   THE  PURPOSE  OF  THIS  REPORT  IS  TO  PROVIDE
12    PROSPECTIVE BUYERS WITH INFORMATION ABOUT MATERIAL DEFECTS IN
13    THE RESIDENTIAL REAL PROPERTY.  THIS REPORT  DOES  NOT  LIMIT
14    THE  PARTIES'  RIGHT  TO CONTRACT FOR THE SALE OF RESIDENTIAL
15    REAL PROPERTY  IN  "AS  IS"  CONDITION.   UNDER  COMMON  LAW,
16    SELLERS   WHO  DISCLOSE  MATERIAL  DEFECTS  MAY  BE  UNDER  A
17    CONTINUING OBLIGATION TO ADVISE THE PROSPECTIVE BUYERS  ABOUT
18    THE CONDITION OF THE RESIDENTIAL REAL PROPERTY EVEN AFTER THE
19    REPORT  IS DELIVERED TO THE PROSPECTIVE BUYER.  COMPLETION OF
20    THIS REPORT BY THE SELLER CREATES LEGAL  OBLIGATIONS  ON  THE
21    SELLER;  THEREFORE THE SELLER MAY WISH TO CONSULT AN ATTORNEY
22    PRIOR TO COMPLETION OF THIS REPORT.
23    Property Address: ...........................................
24    City, State & Zip Code: .....................................
25    Seller's Name: ..............................................
26        This Report is a disclosure of certain conditions of  the
27    residential real property listed above in compliance with the
28    Residential  Real  Property Disclosure Act.  This information
29    is provided as of ...(month) ...(day) ...(year), and does not
30    reflect any changes made or  occurring  after  that  date  or
31    information that becomes known to the seller after that date.
 
                            -2-                LRB9205247DJmg
 1    The  disclosures herein shall not be deemed warranties of any
 2    kind by the seller or any person representing  any  party  in
 3    this transaction.
 4        In  this  form, "am aware" means to have actual notice or
 5    actual  knowledge  without  any  specific  investigation   or
 6    inquiry.    In this form, "material defect" means a condition
 7    that would have a substantial adverse effect on the value  of
 8    the  residential  real  property  or that would significantly
 9    impair the health  or  safety  of  future  occupants  of  the
10    residential   real  property  unless  the  seller  reasonably
11    believes that the condition has been corrected.
12        The seller discloses the following information  with  the
13    knowledge  that  even  though  the  statements herein are not
14    deemed to be warranties, prospective  buyers  may  choose  to
15    rely  on  this  information in deciding whether or not and on
16    what terms to purchase the residential real property.
17        The seller represents that to the  best  of  his  or  her
18    actual   knowledge,   the   following  statements  have  been
19    accurately noted as "yes"  (correct),  "no"  (incorrect),  or
20    "not  applicable" to the  property being sold.  If the seller
21    indicates that the response to any statement,  except  number
22    1,  is  yes  or  not  applicable, the seller shall provide an
23    explanation, in the additional information area of this form.
24         YES    NO     N/A
25      1 ...... .....  .....  Seller  has  occupied  the  property
26                             within  the  last  12  months.   (No
27                             explanation is needed.)
28     2. .....  .....  .....  I am aware of flooding or  recurring
29                             leakage problems in the crawl
30                             space or basement.
31     3. .....  .....  .....  I  am  aware  that  the  property is
32                             located in a flood plain or that I
33                             currently have flood hazard
34                             insurance on the property.
 
                            -3-                LRB9205247DJmg
 1     4. .....  .....  .....  I am  aware  of material  defects in
 2                             the basement or foundation
 3                             (including cracks and bulges).
 4     5. .....  .....  .....  I am aware of leaks or  material
 5                             defects in the roof, ceilings, or
 6                             chimney.
 7     6. .....  .....  .....  I am  aware of  material  defects in
 8                             the walls or floors.
 9     7. .....  .....  .....  I am aware of  material  defects  in
10                             the electrical system.
11     8. .....  .....  .....  I am  aware  of  material defects in
12                             the plumbing system (includes
13                             such things as water heater, sump
14                             pump, water treatment system,
15                             sprinkler system, and swimming
16                             pool).
17     9. .....  .....  .....  I am aware of  material  defects  in
18                             the well or well equipment.
19    10. .....  .....  .....  I am  aware of  unsafe conditions in
20                             the drinking water.
21    11. .....  .....  .....  I am aware of  material  defects  in
22                             the heating, air conditioning, or
23                             ventilating systems.
24    12. .....  .....  .....  I am  aware  of  material defects in
25                             the fireplace or woodburning
26                             stove.
27    13. .....  .....  .....  I am aware of  material  defects  in
28                             the septic, sanitary sewer, or
29                             other disposal system.
30    14. .....  .....  .....  I am aware of unsafe  concentrations
31                             of radon on the premises.
32    15. .....  .....  .....  I am aware of unsafe  concentrations
33                             of or unsafe conditions relating
34                             to asbestos on the premises.
 
                            -4-                LRB9205247DJmg
 1    16. .....  .....  .....  I am aware of unsafe  concentrations
 2                             of or unsafe conditions relating
 3                             to lead paint, lead water pipes,
 4                             lead plumbing pipes or lead in
 5                             the soil on the premises.
 6    17. .....  .....  .....  I  am  aware  of  mine   subsidence,
 7                             underground pits, settlement,
 8                             sliding, upheaval, or other earth
 9                             stability defects on the
10                             premises.
11    18. .....  .....  .....  I am aware of  current  infestations
12                             of termites or other wood boring
13                             insects.
14    19. .....  .....  .....  I am aware  of  a structural  defect
15                             caused by previous infestations
16                             of termites or other wood boring
17                             insects.
18    20. .....  .....  .....  I  am  aware   of  underground  fuel
19                             storage tanks on the property.
20    21. .....  .....  .....  I am  aware  of boundary or lot line
21                             disputes.
22    22. .....  .....  .....  I have received notice of  violation
23                             of local, state or federal laws
24                             or regulations relating to this
25                             property, which violation has not
26                             been corrected.
27        Note:   These  disclosures  are not intended to cover the
28    common  elements  of  a  condominium,  but  only  the  actual
29    residential real property including limited  common  elements
30    allocated  to the exclusive use thereof that form an integral
31    part of the condominium unit.
32        Note:  These disclosures  are  intended  to  reflect  the
33    current condition of the premises and do not include previous
34    problems,  if  any,  that the seller reasonably believes have
 
                            -5-                LRB9205247DJmg
 1    been corrected.
 2        If any of the above are marked "not applicable" or "yes",
 3    please explain here or use additional pages, if necessary:
 4    .............................................................
 5    .............................................................
 6    .............................................................
 7        Check here if additional pages used: .....
 8        Seller certifies that seller has prepared this  statement
 9    and   certifies that the information provided is based on the
10    actual notice or actual knowledge of the seller  without  any
11    specific  investigation or inquiry on the part of the seller.
12    The seller hereby  authorizes  any  person  representing  any
13    principal  in  this  transaction  to  provide  a copy of this
14    report, and to disclose any information in the report, to any
15    person in connection with any actual or anticipated  sale  of
16    the property.
17    Seller: ............................... Date: ...............
18    Seller: ............................... Date: ...............
19        THE  PROSPECTIVE  BUYER  IS  AWARE  THAT  THE PARTIES MAY
20    CHOOSE TO NEGOTIATE AN AGREEMENT FOR THE SALE OF THE PROPERTY
21    SUBJECT TO ANY OR ALL  MATERIAL  DEFECTS  DISCLOSED  IN  THIS
22    REPORT  ("AS  IS").   THIS DISCLOSURE IS NOT A SUBSTITUTE FOR
23    ANY INSPECTIONS OR WARRANTIES THAT THE PROSPECTIVE  BUYER  OR
24    SELLER  MAY  WISH  TO OBTAIN OR NEGOTIATE.  THE FACT THAT THE
25    SELLER IS NOT AWARE OF A PARTICULAR CONDITION OR  PROBLEM  IS
26    NO GUARANTEE THAT IT DOES NOT EXIST. THE PROSPECTIVE BUYER IS
27    AWARE  THAT  HE  MAY  REQUEST  AN  INSPECTION OF THE PREMISES
28    PERFORMED BY A QUALIFIED PROFESSIONAL.
29    Prospective Buyer: .................. Date: ...... Time: ....
30    Prospective Buyer: .................. Date: ...... Time: ....
31    (Source: P.A. 90-383, eff. 1-1-98; 91-357, eff. 7-29-99.)

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