Illinois General Assembly - Bill Status for HB5511

Amends the Condominium Property Act. Deletes language providing that a lien for nonpayment of common expenses by a unit owner is subordinate to encumbrances on the interest of the unit owner recorded prior to the date of the failure or refusal which by law would be a lien thereon prior to subsequently recorded encumbrances. Deletes language providing that a purchaser of a condominium unit at a judicial foreclosure sale, other than a mortgagee, who takes possession of a condominium unit pursuant to a court order or a purchaser who acquires title from a mortgagee shall have the duty to pay the proportionate share, if any, of the common expenses for the unit which would have become due in the absence of any assessment acceleration during the 6 months immediately preceding institution of an action to enforce the collection of assessments, and which remain unpaid by the owner during whose possession the assessments accrued. Makes corresponding changes.

×