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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB3145 Introduced 2/6/2020, by Sen. Sara Feigenholtz SYNOPSIS AS INTRODUCED:
| | 765 ILCS 605/3 | from Ch. 30, par. 303 |
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Amends the Condominium Property Act. Makes a technical change in a Section
pertaining to the submission of property to the provisions of the Act.
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| | A BILL FOR |
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| | SB3145 | | LRB101 20343 LNS 69888 b |
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| 1 | | AN ACT concerning civil law.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Condominium Property Act is amended by |
| 5 | | changing Section 3 as follows:
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| 6 | | (765 ILCS 605/3) (from Ch. 30, par. 303)
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| 7 | | Sec. 3. Submission of property. Whenever the
the owner or |
| 8 | | owners in fee simple,
or the sole lessee or all lessees of a |
| 9 | | lease described in item (x) of Section
2, of a parcel intend to |
| 10 | | submit such property to the provisions of this Act,
they shall |
| 11 | | do so by recording a declaration, duly executed and |
| 12 | | acknowledged,
expressly stating such intent and setting forth |
| 13 | | the particulars enumerated in
Section 4. If the condominium is |
| 14 | | a leasehold condominium, then every lessor of
the lease |
| 15 | | creating a leasehold interest as described in item (x) of |
| 16 | | Section 2
shall also execute the declaration and such lease |
| 17 | | shall be recorded prior to
the recording of the declaration. |
| 18 | | The execution of a declaration required
under this Section |
| 19 | | by the lessor under a lease as described in item (x) of
Section |
| 20 | | 2 does not make the lessor a developer for purposes of this |
| 21 | | Act.
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| 22 | | (Source: P.A. 93-474, eff. 8-8-03.)
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