Sale of property
- Statute:
- Illinois §15 · Act CPA (Condominium Property Act (765 ILCS 605))
- Topic:
- Ownership · Selling the property
- Applies to:
- Condo associations
The owners may sell the property free of this Act by the vote the instruments require, documented in a recorded instrument. Proceeds are split by common-element percentage.
📄 Read the official text at ilga.gov →
How SoShiny helps with Sale of property
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Illinois §15 require?
- The owners may sell the property free of this Act by the vote the instruments require, documented in a recorded instrument. Proceeds are split by common-element percentage.
- Who does Illinois §15 apply to?
- Illinois §15 applies to Condo associations in Illinois.
- What happens if our condo doesn't comply with §15?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Illinois community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Illinois §15?
- The official text is published by the Illinois General Assembly at ilga.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Sale of property?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Illinois §15 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Illinois-licensed attorney. For the official statutory text, see the link above.
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