Glossary
What is 22.1 disclosure?
Illinois's resale disclosure for condominiums, named for Section 22.1 of the Condominium Property Act: the documents and statements a seller must obtain from the association for a buyer.
Also called Illinois 22.1 disclosure, Section 22.1 documents.
In Havn
Havn prepares the Illinois disclosure from the record, within the statute's time and fee limits.
Illinois resale rulesSection 22.1 lists what the association must furnish on a unit owner's request for a sale: the declaration and bylaws, the statement of any liens, the budget and financial statements, the status of litigation, the insurance, and more, within a set time and for a capped fee.
The equivalent for Illinois common interest communities that are not condominiums lives in the Common Interest Community Association Act.
Keep Reading
Guides
- HOA guidesHow to run meetings, votes, budgets, reserves, collections, and violations, step by step.
Laws and Documents
- Illinois HOA lawsThe Illinois statutes, who each covers, and the resale rule, in plain English.
- Illinois 22.1 DisclosureWhat the document is called, the fee cap, and the delivery deadline.
- Resale certificate fee capsAll 51 jurisdictions' fee caps and deadlines in one table.
See how Havn handles it with your own community.
HOA management software with a homeowner portal owners actually use. Resale documents are included; the requester pays for each one.