La Salle National Bank v. Triumvera Homeowners Ass'n

PRESIDING JUSTICE JIGANTI

delivered the opinion of the court:

This is a declaratory judgment action seeking a declaration that the plaintiffs, La Salle National Bank, as trustee, and Joseph Zekas and TA Associates, as general partners of SRA-Triumvera, an Illinois Limited Partnership (collectively SRA), are the owners of 80 individual condominium units as defined by the Master Declaration. The effect of declaring SRA the owner of these 80 units is directly related to the propriety of SRA’s attempt to rent the units as opposed to offering them for sale. Such rental activity was the subject of a…