Real Estate Transactions Attorney in Chicago, Illinois

What is the Illinois Condominium Property Act?

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the illinois property condominium act is

a statute in illinois that governs

condominiums within the state of

illinois so in order to create

a condominium

building or what legally is known as a

vertical subdivision of real estate in

other words you’re dividing

a building vertically going into the air

there’s a statute in illinois that

governs

what you need to do what disclosures

need to be given to unit owners contract

purchasers so on and so forth

in order to do that vertical subdivision

into making individual condominium units

Chicago, IL business attorney Glenn L. Udell discusses the Illinois Condominium Property Act.

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