(735 ILCS 5/9-111.1)
Sec. 9-111.1. Lease to bona fide tenant. Upon the entry of an eviction order
in favor of a board of managers
under the Condominium Property Act, as provided in
Section 9-111 of this Act, and upon delivery of possession of
the premises by the
sheriff or other authorized official to the board of managers pursuant to
execution upon the order, the board of managers shall have the right and
authority, incidental to the right of possession of a unit under the order,
but not the obligation, to lease the unit to a bona fide tenant (whether the
tenant is in occupancy or not) pursuant to a written lease for a term which may commence at any time within 8 months after the month in which the date of expiration of the stay of the order occurs. The term may not
exceed 13 months from the date of commencement of the lease. The court may, upon motion of the board of managers and with notice to the evicted unit owner, permit or extend a lease for one or more additional terms not to exceed 13 months per term. The
board of managers shall first apply all rental income to assessments and other
charges sued upon in the eviction action plus statutory interest on a
monetary judgment, if any, attorneys' fees, and court costs incurred; and then
to other expenses lawfully agreed upon (including late charges), any fines and
reasonable expenses necessary to make the unit rentable, and lastly to
assessments accrued thereafter until assessments are current. Any surplus
shall be remitted to the unit owner. The court shall retain jurisdiction to
determine the reasonableness of the expense of making the unit rentable.
(Source: P.A. 100-173, eff. 1-1-18.)
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