Illinois Condominium Property Act

August 2, 2022

What You Need to Know About an Illinois Condominium Deconversion

There are certain circumstances where the best interests of a condominium is to change from a condominium structure to a rental structure for the building or buildings. One common reason given is the market at that time favors rental units over condominiums, especially if financing is difficult to obtain for prospective purchasers. Other issues may also drive this decision, including…
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