ILCS » Chapter 765 · Act 605
Illinois Compiled Statutes

765 ILCS 605/15 (2026)

Sale of property

✓ current as of May 2026
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(765 ILCS 605/15) (from Ch. 30, par. 315)
    Sec. 15. Sale of property.
    (a) Unless a greater percentage is provided for in the declaration or bylaws, and notwithstanding the provisions of Sections 13 and 14 hereof, a majority of the unit owners where the property contains 2 units, or not less than 66 2/3% where the property contains three units, and not less than 75% where the property contains 4 or more units may, by affirmative vote at a meeting of unit owners duly called for such purpose, elect to sell the property. Such action shall be binding upon all unit owners, and it shall thereupon become the duty of every unit owner to execute and deliver such instruments and to perform all acts as in manner and form may be necessary to effect such sale, provided, however, that any unit owner who did not vote in favor of such action and who has filed written objection thereto with the manager or board of managers within 20 days after the date of the meeting at which such sale was approved shall be entitled to receive from the proceeds of such sale an amount equivalent to the greater of: (i) the value of his or her interest, as determined by a fair appraisal, less the amount of any unpaid assessments or charges due and owing from such unit owner or (ii) the outstanding balance of any bona fide debt secured by the objecting unit owner's interest which was incurred by such unit owner in connection with the acquisition or refinance of the unit owner's interest, less the amount of any unpaid assessments or charges due and owing from such unit owner. The objecting unit owner is also entitled to receive from the proceeds of a sale under this Section reimbursement for reasonable relocation costs, determined in the same manner as under the federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended from time to time, and as implemented by regulations promulgated under that Act.
    (b) If there is a disagreement as to the value of the interest of a unit owner who did not vote in favor of the sale of the property, that unit owner shall have a right to designate an expert in appraisal or property valuation to represent him, in which case, the prospective purchaser of the property shall designate an expert in appraisal or property valuation to represent him, and both of these experts shall mutually designate a third expert in appraisal or property valuation. The 3 experts shall constitute a panel to determine by vote of at least 2 of the members of the panel, the value of that unit owner's interest in the property. The changes made by this amendatory Act of the 100th General Assembly apply to sales under this Section that are pending or commenced on and after the effective date of this amendatory Act of the 100th General Assembly.
(Source: P.A. 100-292, eff. 1-1-18.)

    
Notes of Decisions
Cited in 10 cases (6 in the last 5 years), 2017–2026 · leading case: Kai v. Bd. of Directors of Spring Hill Bldg. 1 Condo. Ass'n, 2020 IL App (2d) 190642 (Ill. App. Ct. 2020).
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Kai v. Bd. of Directors of Spring Hill Bldg. 1 Condo. Ass'n, 2020 IL App (2d) 190642 (Ill. App. Ct. 2020). · cites it 2× “OPINION ¶1 This case centers on the forced bulk sale of condominium units under section 15 of the Condominium Property Act (Act) (765 ILCS 605/15 (West 2018)). The plaintiffs—all individual unit owners—filed suit, contending among other things that the defendants breached their…”
Siena at Old Orchard Condo. Ass'n v. Siena at Old Orchard, LLC, 2017 IL App (1st) 151846 (Ill. App. Ct. 2017). “, 765 ILCS 605/27(b)(1) (West 2010) (providing vote requirements for correcting omissions or errors in condominium instruments “unless the Act or the condominium instruments specifically provide for greater percentages or different procedures”); 765 ILCS 605/15(a) (West 2010)…”
Siena at Old Orchard Condo. Ass'n v. Siena at Old Orchard, LLC, 2017 IL App (1st) 151846 (Ill. App. Ct. 2017). “, 765 ILCS 605/27(b)(1) (West 2010) (providing vote requirements for correcting omissions or errors in condominium instruments “unless the Act or the condominium instruments specifically provide for greater percentages or different procedures”); 765 ILCS 605/15(a) (West 2010)…”
Kai v. Bd. of Directors of Spring Hill Bldg. 1 Condo. Ass'n, 2020 IL App (2d) 190642 (Ill. App. Ct. 2020). “OPINION ¶ 1 This case centers on the forced bulk sale of condominium units under section 15 of the Condominium Property Act (Act) (765 ILCS 605/15 (West 2018)). The plaintiffs—all individual unit owners—filed suit, contending among other things that the defendants breached their…”
Boulder Hill Condo. Ass'n v. Cope, 2024 IL App (2d) 230425-U (Ill. App. Ct. 2024). “” 765 ILCS 605/15 (West 2018). In short, “[u]nder section 15 of the Act, if a sufficient majority of the unit owners in an association votes in favor of a bulk sale of all of the units, the majority may force such a sale.”
Fountain Square on the River Condo. Ass'n, Ltd. v. First Am. Bank, 2024 IL App (2d) 230076-U (Ill. App. Ct. 2024). “¶ 31 The Kai defendants filed a motion to dismiss pursuant to section 2-619 of the Code, arguing that plaintiffs could not assert their claims because the procedure in section 15 of the Condominium Property Act (Act) (765 ILCS 605/15 (West 2018)) was the sole remedy available to…”
Kai v. Bd. of Directors of Spring Hill Bldg. 6 Condo. Ass'n, Inc., 2025 IL App (3d) 240277-U (Ill. App. Ct. 2025). · cites it 5× “¶2 This case involves the forced bulk sale of condominium units pursuant to section 15 of the Illinois Condominium Property Act (Act) (765 ILCS 605/15 (West 2018)). Several individual unit owners initiated this lawsuit in 2018 against board members of the condominium…”
Glazer v. The Private Residences at Ontario Place Condo. Ass'n, 2021 IL App (1st) 210156-U (Ill. App. Ct. 2022). “his case are condominium unit owners who sued their condo association and board of managers, alleging that the association and board were required to disclose information to them and obtain their approval before investigating and negotiating a proposed bulk sale of condo units…”
Glazer v. The Private Residences at Ontario Place Condo. Ass'n, 2021 IL App (1st) 210156 (Ill. App. Ct. 2022). “in this case are condominium unit owners who sued their condo association and board of managers, alleging that the association and board were required to disclose information to them and obtain their approval before investigating and negotiating a proposed bulk sale of condo…”
Blitz Capital Grp., LLC v. North Dearborn Prop., LLC (Ill. App. Ct. 2026). “See 765 ILCS 605/15 (West 2024); Municipal Code of Chicago §13-72-085.”
— 765 ILCS 605/15(a) — 3 cases
Siena at Old Orchard Condo. Ass'n v. Siena at Old Orchard, LLC, 2017 IL App (1st) 151846 (Ill. App. Ct. 2017). “, 765 ILCS 605/27(b)(1) (West 2010) (providing vote requirements for correcting omissions or errors in condominium instruments “unless the Act or the condominium instruments specifically provide for greater percentages or different procedures”); 765 ILCS 605/15(a) (West 2010)…”
Siena at Old Orchard Condo. Ass'n v. Siena at Old Orchard, LLC, 2017 IL App (1st) 151846 (Ill. App. Ct. 2017). “, 765 ILCS 605/27(b)(1) (West 2010) (providing vote requirements for correcting omissions or errors in condominium instruments “unless the Act or the condominium instruments specifically provide for greater percentages or different procedures”); 765 ILCS 605/15(a) (West 2010)…”
Kai v. Bd. of Directors of Spring Hill Bldg. 6 Condo. Ass'n, Inc., 2025 IL App (3d) 240277-U (Ill. App. Ct. 2025). “¶2 This case involves the forced bulk sale of condominium units pursuant to section 15 of the Illinois Condominium Property Act (Act) (765 ILCS 605/15 (West 2018)). Several individual unit owners initiated this lawsuit in 2018 against board members of the condominium…”
— 765 ILCS 605/15(b) — 1 case
Kai v. Bd. of Directors of Spring Hill Bldg. 6 Condo. Ass'n, Inc., 2025 IL App (3d) 240277-U (Ill. App. Ct. 2025). “¶2 This case involves the forced bulk sale of condominium units pursuant to section 15 of the Illinois Condominium Property Act (Act) (765 ILCS 605/15 (West 2018)). Several individual unit owners initiated this lawsuit in 2018 against board members of the condominium…”
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