Owners > Buying A Condo - 22.1The purchaser of a condominium in Illinois is entitled to review a variety of documents about a condo association at least 30 days prior to closing. And to receive the answers to certain stipulated points of disclosure about the association and the unit. This is commonly referred to as a '22.1' package, as its contents are specified by Section 22.1 of the Illinois Condominium Property Act (765 ILCS 605/22.1). If you're buying a unit in one of our buildings, you want this package. You're going to get it via email. It will include a PDF of the answers to the questions and a link to the association's document directory where you'll be able to review financial reports, budgets, governing documents, and more. We provide the documents in response to a request from the seller along with a copy of the sales contract. Researching and completing these required disclosures is one of the few tasks for which we charge the unit owner an additional fee. It's $25. Unless you need it yesterday. Then it's $50. |
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22.1 Disclosure Form Illinois Free
ACH Form.pdf View Download. PAL-22.1 Request.pdf View Download: Paid assessment letter and/or 22.1 disclosure request. Review this comprehensive breakdown of the Illinois Condominium Property Act Section 22.1 to. To comply with Section 22.1(a)(2). From the same disclosure form. Maya 2013 Keygen 64 Bit Download. Disclosure of this information is mandatory. Please attach to this form: 1) Copies of all binding agreements with all non-condominium or commercial property. Ttf font free download. List the amounts of the associations shared cost with non-residential property. 2) A list and description of the renovations that were/will be made to the. Disclosure Summary are true, full, complete, and correct. Disclosure supplement. If prior to closing, any seller has actual knowledge of an error, inaccuracy, or omission in a ny prior dis-closure document after delivery of that disclosure document to a prospective buyer, that seller shall supplement the prior disclosure document with a written supplemental disclosure. Disclosure report form.
