I am studying residential real estate law in Illinois and I am confused.
To note that the new purchaser should have received a Section 22.1 disclosure. Forms must be received in ACTHA's office no later than Wed., March 18. The 22.1 Disclosure is the topic of todays River North Real Estate post! Whether you are looking to buy a River North Condo or a condo anywhere else in the city or suburbs, the 22.1 disclosure is a very important document! The 22.1 disclosure is a statement that is completed by the condominium association (Board of Managers) or the. Section 22.1 of the Illinois Condominium Property Act states, in part: In the event of. Of disclosure statement upon request, copies of the condominium documents, issuance of paid assessment letter.
