Westmont — Ch. 19 Condominium Conversions § 19-1

It is concluded that equity ownership of multiple-family dwellings and office units is a positive development for the Village of Westmont (the "village") and, within certain limits, such ownership should be encouraged. Because of the unique nature of condominium ownership and the age of the existing multiple-family dwelling and office unit stock in the village, it is further concluded that the quality of housing and office units and the rights of the condominium purchaser should be protected to a greater extent than the protections provided under existing laws. To this end, the village has the authority to introduce regulation into the condominium process, as provided in the Condominium Property Act, 765 ILCS 605/1 et seq.
Based on the foregoing, the purpose and intent of this chapter is to introduce regulatory elements into the condominium conversion process that protect the rights of condominium purchasers and preserve and improve the quality of housing and office units in an effort to encourage orderly development of the condominium concept within the village. Further, this chapter is intended to facilitate code inspections by the village and, thus, to reduce the possibility of a condominium containing material defects that would have an adverse effect on the health, safety and welfare of its occupants or neighboring property, or would place unexpected burdens on condominium unit buyers.