In Illinois, condominium ownership is governed primarily by the:
Correct Answer
D) Illinois Condominium Property Act
The Illinois Condominium Property Act governs the creation, management, and operation of condominiums in Illinois.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
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