Legal Question in Real Estate Law in Illinois

Illinois disclosure law

Does the Illinois disclosure law apply to commercial real estate. When you read the law it states that it applies to real property of 4 units or less.


Asked on 8/03/08, 10:44 am

1 Answer from Attorneys
Nicholas Chrisos Nicholas G. Chrisos Attorney at Law

Re: Illinois disclosure law

It applies to real estate improved with 1 through 4 "residential dweliing units", co-ops and "condominium units" (along with common elements), not other types of property. Sometimes, sellers give them even if the property doesn't fit the above categories.

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Answered on 8/04/08, 12:47 pm


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