Common use of Illinois Condominium Property Act Clause in Contracts

Illinois Condominium Property Act. If the property is a condominium, then no later than 15 days from the date of this Agreement, Seller shall furnish to 180 Broker a complete set of condominium documents, including the declaration, bylaws, and if available, a survey. If the Property is a cooperative, then, no later than 15 181 days from the date hereof Seller shall furnish to broker a complete set of cooperative documents, including the proprietary lease or trust agreement, bylaws, and if 182 available, a survey. If the Property is a townhouse or condominium and dependent upon the condominium association's governing documents, either upon execution of 183 this Agreement or upon Seller's acceptance of an offer by buyer, Seller shall promptly notify the appropriate representative of the condominium association or any 184 affiliated organization of the contemplated transaction. Seller shall furnish to the buyer a statement from an authorized officer or agent of the condominium association 185 certifying payment of assessments for condominium common expenses, and if applicable, proof of waiver or termination of any right of refusal or general option 186 contained in the declaration of condominium together with any other documents required by the declaration of condominium or its bylaws as a precondition to the 187 transfer of ownership. At closing, Seller shall deliver to the buyer all appropriate documents properly endorsed and a survey or plat of the condominium unit showing the 188 location of all improvements of the unit and further showing any parking spaces or garages that will be conveyed. Seller shall comply with all of the conditions and 189 stipulations of the Illinois Condominium Property Act (765 ILCS 605/1 et seq.), as amended, as may be applicable.

Appears in 1 contract

Samples: Listing Agreement

AutoNDA by SimpleDocs

Illinois Condominium Property Act. If the property is a condominium, then no later than 15 days from the date of this Agreement, Seller shall furnish to 180 183 Broker a complete set of condominium documents, including the declaration, bylaws, and if available, a survey. If the Property is a cooperative, then, no later than 15 181 184 days from the date hereof Seller shall furnish to broker a complete set of cooperative documents, including the proprietary lease or trust agreement, bylaws, and if 182 185 available, a survey. If the Property is a townhouse or condominium and dependent upon the condominium association's governing documents, either upon execution of 183 186 this Agreement or upon Seller's acceptance of an offer by buyer, Seller shall promptly notify the appropriate representative of the condominium association or any 184 187 affiliated organization of the contemplated transaction. Seller shall furnish to the buyer a statement from an authorized officer or agent of the condominium association 185 188 certifying payment of assessments for condominium common expenses, and if applicable, proof of waiver or termination of any right of refusal or general option 186 189 contained in the declaration of condominium together with any other documents required by the declaration of condominium or its bylaws as a precondition to the 187 190 transfer of ownership. At closing, Seller shall deliver to the buyer all appropriate documents properly endorsed and a survey or plat of the condominium unit showing the 188 191 location of all improvements of the unit and further showing any parking spaces or garages that will be conveyed. Seller shall comply with all of the conditions and 189 192 stipulations of the Illinois Condominium Property Act (765 ILCS 605/1 et seq.), as amended, as may be applicable.

Appears in 1 contract

Samples: Sell Listing Agreement

Illinois Condominium Property Act. If the property is a condominium, then no later than 15 days from the date of this Agreement, Seller shall furnish to 180 205 Broker a complete set of condominium documents, including the declaration, bylaws, and if available, a survey. If the Property is a cooperative, then, no later than 15 181 206 days from the date hereof Seller shall furnish to broker a complete set of cooperative documents, including the proprietary lease or trust agreement, bylaws, and if 182 207 available, a survey. If the Property is a townhouse or condominium and dependent upon the condominium association's governing documents, either upon execution of 183 208 this Agreement or upon Seller's acceptance of an offer by buyer, Seller shall promptly notify the appropriate representative of the condominium association or any 184 209 affiliated organization of the contemplated transaction. Seller shall furnish to the buyer a statement from an authorized officer or agent of the condominium association 185 210 certifying payment of assessments for condominium common expenses, and if applicable, proof of waiver or termination of any right of refusal or general option 186 211 contained in the declaration of condominium together with any other documents required by the declaration of condominium or its bylaws as a precondition to the 187 212 transfer of ownership. At closing, Seller shall deliver to the buyer all appropriate documents properly endorsed and a survey or plat of the condominium unit showing the 188 213 location of all improvements of the unit and further showing any parking spaces or garages that will be conveyed. Seller shall comply with all of the conditions and 189 214 stipulations of the Illinois Condominium Property Act (765 ILCS 605/1 et seq.), as amended, as may be applicable.

Appears in 1 contract

Samples: Listing Agreement

AutoNDA by SimpleDocs

Illinois Condominium Property Act. If the property is a condominium, then no later than 15 fifteen (15) days from the date of this Agreement, Seller shall furnish to 180 Broker a complete set of condominium documents, including the declaration, bylaws, and if available, a survey. If the Property is a cooperative, then, no later than 15 181 fifteen (15) days from the date hereof Seller shall furnish to broker a complete set of cooperative documents, including the proprietary lease or trust agreement, bylaws, and if 182 available, a survey. If the Property is a townhouse or condominium and dependent upon the condominium association's governing documents, either upon execution of 183 this Agreement or upon Seller's acceptance of an offer by buyer, Seller shall promptly notify the appropriate representative representative, of the condominium association or any 184 affiliated organization of the contemplated transaction. Seller shall furnish to the buyer a statement from an authorized officer or agent of the condominium association 185 certifying payment of assessments for condominium common expenses, and if applicable, proof of waiver or termination of any right of refusal or general option 186 contained in the declaration of condominium together with any other documents required by the declaration of condominium or its bylaws as a precondition to the 187 transfer of ownership. At closing, Seller shall deliver to the buyer all appropriate documents properly endorsed and a survey or plat of the condominium unit showing the 188 location of all improvements of the unit and further showing any parking spaces or garages that will be conveyed. Seller shall comply with all of the conditions and 189 stipulations of the Illinois Condominium Property Act (765 ILCS 605/1 et seq.), ) as amended, as may be applicable.

Appears in 1 contract

Samples: Listing Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!