Illinois Application to Condominium Association to make Alterations and/or Modifications to Condominium Unit and Indemnification Agreement
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§ 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.
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.
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.
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.
What is the Purpose of 22.1 Disclosure? The purpose of the 22.1 disclosure is to provide potential condo buyers with information about the unit they are interested in purchasing and the building as a whole. This information includes the monthly fee, special assessments, and rules and regulations.
The Act at Section 2 (e) defines common elements. It states: "2 (e) "Common Elements" means all portions of the property except the units, including limited common elements unless otherwise specified."
It also lists any known defects or problems with the unit or building. The 22.1 disclosure is required by law in Illinois and must be provided to buyers before purchasing a condo unit. Buyers need to review this information carefully to be aware of any potential issues that could arise after they purchase the unit.
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%.