SENATE BILL 692

Sponsored By:

Senator Raskin

Entitled:

Condominiums - Conversion of Residential Rental Facilities - Expiration of Registration and Notice

Synopsis:

Requiring a specified owner, and landlord if other than the owner, to give a notice of conversion of a residential rental facility to a condominium and a purchase offer to a subsequent tenant who leases property in the facility after the owner has given the tenants the initial notice and purchase offer; requiring an owner to give a subsequent tenant the same 180 days to remain in the rental facility as the initial tenants are given; limiting the registration for a conversion from a rental facility to a condominium to 5 years; etc.

History by Legislative and Calendar Date

Senate Action

2/10

First Reading Judicial Proceedings

2/12

Hearing 3/4 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

Apartments

Condominiums

Consumer Protection -see also- Unfair Trade Practices

Disabilities -see also- Blind; Deaf; Developmental

Elderly Persons

Housing -see also- Apartments; Condominiums; Mobile Homes

Landlord and Tenant -see also- Eviction; Leases & Rent; etc.

Leases and Rent

Notices

Registration -see also- Motor Vehicle Registration

Rules and Regulations

Secretary of State

Bill affects the following Statutes:

Real Property

( 11-102.1 , 11-127 , 11-137 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered