96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0177

 

Introduced 1/30/2009, by Sen. Mattie Hunter

 

SYNOPSIS AS INTRODUCED:
 
765 ILCS 605/3   from Ch. 30, par. 303

    Amends the Condominium Property Act. Makes a technical change in a Section pertaining to the submission of property to the provisions of the Act.


LRB096 06715 AJO 16799 b

 

 

A BILL FOR

 

SB0177 LRB096 06715 AJO 16799 b

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 Condominium Property Act is amended by
5 changing Section 3 as follows:
 
6     (765 ILCS 605/3)  (from Ch. 30, par. 303)
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.
22 (Source: P.A. 93-474, eff. 8-8-03.)