IL HB4782

Amends the Code of Civil Procedure to modify rules for condominium boards leasing units after obtaining possession through eviction judgment.

Lease term may commence any time within 8 months after expiration of the stay of judgment and may not exceed 13 months from commencement date.

Court may permit or extend a lease for one or more additional terms of up to 13 months each upon motion of the board of managers with notice to the dispossessed unit owner.

Board of managers must apply rental income first to assessments and charges sued upon plus interest, attorney's fees, and court costs; then to other lawful expenses and unit repairs; and lastly to accrued assessments until current, with surplus going to the unit owner.

Court retains jurisdiction to determine reasonableness of expenses for making the unit rentable.