How many units does the Residential Real Property Disclosure Act apply to?

The Residential Real Property Disclosure Act specifically applies to residential property that encompasses between one to four units. This indicates that the Act is focused on smaller residential properties, which typically include single-family homes, duplexes, triplexes, and four-family buildings. The intention behind this legislation is to ensure that buyers and tenants of these types of properties receive essential information about the condition and history of the property, which can include any known defects or issues.

Properties with five or more units fall under different regulatory frameworks, such as the Illinois Property Code, which often addresses larger commercial or multi-family dwellings. Thus, understanding the scope of the Residential Real Property Disclosure Act in relation to residential units is crucial for compliance and for informing potential tenants or buyers about their rights and properties they are considering.