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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.