About Lee Street - Chicago Apartments for Rent

Please take notice that the undersigned, as holder of the fee simple title to the real estate described on Exhibit A attached hereto and made a part hereof, intends to submit said real estate to the provisions of the Illinois Condominium Property Act. A Declaration of Condominium for said real estate shall be recorded of a date not less than 120 days after the date of this notice and not later than one year after the date of this notice.

If your tenancy expires within 120 days of the date of this notice, you have the right to extend the term of this tenancy on the same terms, including rent, as are now applicable, for the balance of this 120 day period, provided you give the undersigned written notice of your intention to do so within 30 days after the receipt of this notice.

All leases of apartments situated on said real estate that expire during the next six months will be renewed by the owner for a term of less than one year, if desired by the tenant. All leases renewed for this period shall be on the same terms and conditions as are now contained in said leases except that the monthly rent shall be increased by ________% or $______.

As a tenant in possession on the date of this notice, you have a first right to purchase the apartment in which you reside on substantially the same terms and conditions as set forth in a duly executed contract to purchase the unit made within 120 days after the receipt of the notice. Therefore, the owner will first offer the apartment for sale to you and, if you do not elect to purchase the apartment within 30 days after the date the offer is made, you will waive any further interest in or right to purchase the apartment.

This notice does not in any way relieve you of your obligation to pay rent during the time you are in possession of your unit.

Dated this _________day of ______________________, 2002

_________________________________________________
Signature of Landlord or Developer

AFFIDAVIT OF SERVICE

STATE OF ILLINOIS	)
	)	SS.
COUNTY OF COOK	)

I, ..............................................................................................being first on oath duly sworn deposes and says that he/she served the foregoing "Notice of Condomimium Conversion" on the ...............day of ..........................................20..........., as follows:

(1) By delivering a true copy thereof to the within named Tenant, .............................................................

(2) By leaving a true copy thereof with , ...........................................................................a person above the age of twelve years, residing on or in possession of the premises.

(3) By sending a true copy thereof to the within named Tenant, ................................................................, by certified or registered mail.

(4) By delivering a true copy thereof to an unidentified occupant, above the age of twelve years, present on or in possession of the premises.

(5) By posting a true copy thereof on the premises, there being no one in the actual possession of the premises.

Under penalties as provided by law pursuant to Section 1-109 of the Code of Civil Procedure, the undersigned certifies that the statements set forth in this Affidavit of Service are true and correct.

................................................................................
(signature of person delivering notice)

Attorney	...............................................	SUBSCRIBED and SWORN to before me
Attorney for	Lee Street Development, Developer	this .............. day of ......................................, 20........
Address	7601 North Eastlake Terrace
City & Zip	Chicago, Illinois 60626-1421	.....................................................................................
Phone	(773) 465-7500	NOTARY PUBLIC
Fax	(773) 465-7755	SEAL