The Illinois Master Deed Declaration of Condominium is a legal document that outlines the establishment, rights, and responsibilities of condominium associations in the state of Illinois. This comprehensive document serves as the foundation for governing the condominium complex and provides guidelines for the operation, maintenance, and administration of the condominium community. Keywords: Illinois, Master Deed Declaration, Condominium, legal document, condominium associations, rights, responsibilities, establishment, guidelines, operation, maintenance, administration, condominium community. There are different types of Illinois Master Deed Declaration of Condominium, including: 1. General Master Deed Declaration of Condominium: This applies to the majority of condominium developments in Illinois and encompasses the basic framework and rules governing the condominium association and the individual unit owners. 2. Amended and Restated Master Deed Declaration of Condominium: This type of Master Deed Declaration is used when modifications or revisions need to be made to the original document. It includes amendments, updates, or clarifications to reflect changes in the condominium association's rules, regulations, or conditions. 3. Conversion Master Deed Declaration of Condominium: This document is specifically designed for condominium conversions, where a previously non-condominium property, such as an apartment building or townhouse complex, is converted into separate condominium units. 4. Special Limited Master Deed Declaration of Condominium: This type of Master Deed Declaration is utilized for condominium developments that have specific restrictions or limitations, such as age-restricted communities or developments with unique amenities or usage requirements. 5. Phased Master Deed Declaration of Condominium: This document is used when a condominium development is completed in multiple phases or stages. It allows for the gradual addition of new units, common areas, and amenities, while establishing the rights and responsibilities of each phase. 6. Vacant Land Master Deed Declaration of Condominium: This type of Master Deed Declaration applies when a condominium development is built on previously undeveloped land. It includes provisions for the construction, development, and initial establishment of the condominium community. In summary, the Illinois Master Deed Declaration of Condominium serves as a vital legal document in governing and regulating the operation, maintenance, and management of condominium complexes in the state. It provides a detailed framework, rights, responsibilities, and guidelines for both the condominium association and individual unit owners to ensure a harmonious and well-functioning community.
Illinois Master Deed Declaration of Condominium
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FAQ
General amendments to condominium instruments are governed by Section 27 of the Illinois Condominium Property Act, which states that an affirmative vote of 2/3 of voting unit owners must approve amendments, unless the condominium instruments provide for some other majority vote somewhere between 50% and 75%.
If the condominium instruments require approval of any mortgagee or lienholder of record and the mortgagee or lienholder of record receives a request to approve or consent to the amendment to the condominium instruments, the mortgagee or lienholder of record is deemed to have approved or consented to the request unless ...
Sec. 18.4. Powers and duties of board of managers. The board of managers shall exercise for the association all powers, duties and authority vested in the association by law or the condominium instruments except for such powers, duties and authority reserved by law to the members of the association.
Ing to Sec. 12 of the Illinois Condominium Act ("ICA"), the property insurance policy for the association must cover the structural elements of the building including the following: Interior and exterior walls, foundation and roof. Common areas of the building such as the lobby and hallways.
HB 5246 ? Document request, deadlines, and fees Starting January 1, 2023, House Bill 5246 will reduce the timeframe for condominium associations in Illinois to provide certain disclosures under Section 22.1 of the Illinois Condominium Property Act (unit resales) from 30 to 10 business days.
In Illinois, Section 22.1(a) of the Illinois Condominium Property Act describes the information that the owner must obtain from the board for inspection by a prospective purchaser, upon demand, in the event of any resale of a condominium unit by a unit owner other than the developer.
Sec. 33. Limitations on the use of smoking cannabis. The condominium instruments of an association may prohibit or limit the smoking of cannabis, as the term ?smoking? is defined in the Cannabis Regulation and Tax Act, within a unit owner's unit.