Illinois recently addressed a persistent problem with the time and cost to obtain condominium association documents in order to complete a condo sale by amending the Condominium Property Act, 765 ILCS 605/22.1, effective January 1, 2023. The association must now provide the 22.1 documents for a sale within five (5) business days and other information within ten (10) business days of a written request, and can charge no more than $375.00 to copy the documents and $100.00 more for rush requests. This should reduce closing costs and delays.
If you are buying or selling a condo, other residence or any real property, please contact us.
