Organize the sale around your actual obligations
Check preparation tasks as you work. Selections remain in this browser tab and reset when you leave or reload; print a copy to keep them. Discuss which disclosures, records and transfer requirements apply to the property and transaction with your attorney and other professionals.
Separate preparation suggestions from contractual obligations. A checked item records your progress; it does not establish that a disclosure is complete, a repair is adequate or a closing condition has been met. Keep the underlying documents and confirmed dates in your own transaction file.
0 of 14 items checked.
Sources and effective dates
Read the original guidance and use the version applicable to your property and transaction. Practical planning suggestions are distinguished from legal or program requirements.
- Illinois Residential Real Property Disclosure Act
Covers residential real property improved with one to four dwelling units, units in residential cooperatives, and condominium units. Section 15 lists exempt transfers, including transfers pursuant to court order such as probate-court transfers in the administration of an estate (15(1)), transfers by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust (15(3)), and transfers from a decedent pursuant to testate disposition, intestate succession, or a transfer on death instrument (15(5)). Under Section 5, "seller" does not include a beneficiary who has both never occupied the residential real property and never had management responsibility for it. Section 30 requires a written supplement if, before closing, the seller becomes aware of an error, inaccuracy or omission in a prior report. Check scope and exemptions with an Illinois attorney; do not assume every transfer uses the same disclosure.
Source checked · Illinois - EPA: Real estate disclosures about potential lead hazards
Generally applies to most pre-1978 housing, subject to exceptions. Verify the property and transaction's applicability.
Source checked · United States - Chicago: Full Payment Certificate guidance
Confirm current application, account clearance and transfer requirements with the City and closing professionals; no fee or processing time is assumed.
Source checked · Chicago, Illinois
