Real Estate Transactions Attorney in Chicago, Illinois

What is the required majority for a Section 15 Deconversion?

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under the statute

there’s a requirement that at least 75

percent of the unit owners vote in favor

of a section 15D conversion so if you

had a 100 unit condominium building

you would need 75 of the 100 Union

owners to vote in favor of a section 15D

conversion

Chicago, IL business attorney Glenn L. Udell discusses the required majority for a Section 15 Deconversion.

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