loader image

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.

This Bulletin is designed to provide our friends and clients with information regarding the various subject matters covered, it is not designed to take place of legal, accounting, or other professional advice.  If expert assistance is required, the services of a competent professional should be sought. This memorandum may constitute advertising under the rules regulating Illinois attorneys.

Brooks, Tarulis & Tibble, LLC
1733 Park Street, Suite 100
Naperville, Illinois 60563

630-355-2101 | info@napervillelaw.com | GET DIRECTIONS