Evanston, Ill., City Code tit. 5 (2026) § 5-4-3-5

(A) A unit owner other than a declarant offering for sale his/her own unit, shall provide to the purchaser concurrently with execution of any contract for sale, a copy of the declaration, bylaws and rules and regulations of the Association, and the items as described below:
1. A statement setting forth:
a. The amount of the monthly common expense assessment;
b. Any unpaid common expense or special assessment currently due and payable from the selling unit owner;
c. The information on the total actual expenditures, by category, made for all repairs, maintenance, operation or upkeep of the common areas of the building in which the unit is located within the last three (3) years as found in the regular books of the Association. If the property has not been occupied as a condominium for a period of three (3) years, the information, if available, shall be provided for such lesser time as the property has been so occupied.
2. A statement of any other fees payable by the unit owners.
3. A statement of any future capital expenditures approved by the Association or the Board of Directors.
4. A statement of the amount of the reserves for capital expenditures and of any portions of those reserves designated by the Association for specified projects.
5. The most recent regularly prepared balance sheet and income and expense statement, if any, of the Association.
6. The current operating budget of the Association.
7. A statement of any judgments against the Association, and the status of any pending suits to which the Association is a party, of which it has knowledge.
8. A statement describing any insurance coverage provided for the benefit of unit owners.
9. A statement of whether the board of managers has received written notice from any Federal, State or local government of any violations of any applicable codes with respect to the unit or of the condominium common elements.
(B) The Association, within ten (10) days after a written request by a unit owner, shall make a good faith effort to furnish accurate information necessary to enable the unit owner to comply with this Section. A unit owner delivering a statement of such information is not liable to the purchaser for any erroneous information from the Association, provided that the errors are unknown to the owner.
(C) A unit owner is not liable to a purchaser for the failure or delay of the Association to provide such information in a timely manner. Inability to obtain any of the information shall be set forth in the sworn statement of the unit owner. The purchaser shall have five (5) days from receipt of such affidavit to void said contract for said failure to provide data.
(D) Immediately upon execution by both parties of a sales contract, the seller shall provide to his/her condominium board the name and address of the purchaser and the board shall from that time on send duplicates of all notices sent to seller to the purchaser.
(E) If any special assessment is voted for a capital improvement between the provision of the statement of information described in subsection 5-4-3-5 (A) of this Section and the closing of the sale of the unit, and this assessment exceeds five percent (5%) of the contract sale price, said assessment shall be grounds for recision of the contract by the purchaser. Said recision shall be by a writing delivered to seller not more than five (5) calendar days following receipt by the purchaser of the notice of the special assessment. Where, however, the seller notifies purchaser that seller shall assume the special assessment obligation, the purchaser may not utilize this recision provision.
(F) This Section shall be attached to, incorporated into, and made part of the bylaws of all condominiums hereinafter created and shall apply to all resale contracts entered into subsequent to the effective date hereof.