Full disclosure before sale
- Statute:
- Illinois §22 · Act CPA (Condominium Property Act (765 ILCS 605))
- Topic:
- Records & Disclosure · Developer sale
- Applies to:
- Condo associations
Before the first sale of a unit, the developer must give the purchaser the disclosure this section requires (instruments, budget, planned expenses, identity of the board). This is the original-sale packet; resales are §22.1.
📄 Read the official text at ilga.gov →
How SoShiny helps with Full disclosure before sale
SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox.
See the feature → Start freeFrequently asked
- What does Illinois §22 require?
- Before the first sale of a unit, the developer must give the purchaser the disclosure this section requires (instruments, budget, planned expenses, identity of the board). This is the original-sale packet; resales are §22.1.
- Who does Illinois §22 apply to?
- Illinois §22 applies to Condo associations in Illinois.
- What happens if our condo doesn't comply with §22?
- 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 §22?
- 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 Full disclosure before sale?
- SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox. Learn more →
Not legal advice. This page is a plain-English summary of Illinois §22 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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