"Conversion", "convert", or like words means the offering for sale by a developer or his agent of a condominium unit occupied or rented for any purpose by any person before commencement of a condominium project which includes such unit.
"Declaration" means the declaration referred to in the Illinois Condominium Property Act.
"Developer" means any person who submits property legally or equitably owned by him to the provisions of the Illinois Condominium Property Act including any successor to such developer's entire interest in the property; or any person who offers units legally or equitably owned by him for sale in the ordinary course of his business.
"Offering" means any inducement, solicitation, advertisement, publication or announcement by a developer to any person or the general public to encourage a person to purchase a condominium unit in a condominium or prospective condominium.
"Property report" means the property report required in accordance with Section 13-72-020 of this chapter.
"Prospective purchaser" means a person who visits the condominium project site for the purpose of inspection for possible purchase or who requests the property report or disclosure summary.
"Residential condominium unit" means a condominium unit arranged, designed, used or intended to be used primarily for residential occupancy.
"Conversion condominium," "Parcel," "Person" and "Record" have the same meaning ascribed to those terms in the Illinois Condominium Act, 765 ILCS 605 et seq., as amended.
"Landlord," "Rent," "Rental Agreement" and "Tenant" have the same meaning ascribed to those terms as in Section 5-12-030.
(Prior code § 100.2-1; Amend Coun. J. 5-4-11, p. 118299, § 3; Amend Coun. J. 11-16-11, p. 13798, Art. X, § 3)