Association of Equipment Manufacturers

• Amends the Condominium Property Act.Illinois · HB 5496 · Last action Jan 8, 2013Amends the Condominium Property Act. Provides for an escrow account to be established prior to the conveyance of title to the first unit for the benefit of the unit owners' association to pay for any necessary corrections in the common areas. Provides that all sales contracts for the first-time sale of any condominium unit shall contain express warranties…Latest action: Session Sine DieFailed

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