Bill Text: IL HB5831 | 2015-2016 | 99th General Assembly | Introduced

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

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2016-02-11 - Referred to Rules Committee [HB5831 Detail]

Download: Illinois-2015-HB5831-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 HB5831 Introduced , by Rep. Scott Drury 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.
LRB099 19467 HEP 43859 b
A BILL FOR
HB5831 LRB099 19467 HEP 43859 b
AN ACT concerning civil law.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Condominium Property Act is amended by
changing Section 3 as follows:
(765 ILCS 605/3) (from Ch. 30, par. 303)
Sec. 3. Submission of property. Whenever the the owner or
owners in fee simple, or the sole lessee or all lessees of a
lease described in item (x) of Section 2, of a parcel intend to
submit such property to the provisions of this Act, they shall
do so by recording a declaration, duly executed and
acknowledged, expressly stating such intent and setting forth
the particulars enumerated in Section 4. If the condominium is
a leasehold condominium, then every lessor of the lease
creating a leasehold interest as described in item (x) of
Section 2 shall also execute the declaration and such lease
shall be recorded prior to the recording of the declaration.
The execution of a declaration required under this Section
by the lessor under a lease as described in item (x) of Section
2 does not make the lessor a developer for purposes of this
Act.
(Source: P.A. 93-474, eff. 8-8-03.)