Illinois Gov. Bruce Rauner vetoed a bill that he said would restrict condo owners' rights.
A law that took effect last year allows owners to override rules requiring the approval of 75% of owners. Some condo associations where developers hold unsold units, giving them seats on the board, have adopted a rule requiring 75% of unit owners in the building have to approve a lawsuit, according to a member of the Chicago Bar Association's condominium subcommittee.
For developments where the owner holds a significant percentage of units, the 75% threshold is rarely reached, preventing other owners from recouping the cost of repairs due to construction flaws. A recent change in the state's condo law made it easier for owners to sue if they wanted to hold their developer accountable. The governor’s veto preserves this change in the law.
According to Chicago Business, many of the thousands of condos built in the city during an early 2000’s building boom were poorly built. The faulty units reportedly had leaky windows or cracks in walls.
Related Stories
Codes and Standards | Jun 21, 2021
Vancouver, B.C., may delay new zero emissions building standards
Building permit delays may postpone new standards by a year.
Codes and Standards | Jun 17, 2021
Buffalo’s parking reform having noticeable impact on development
Elimination of mandatory parking allotments encourages new projects.
Codes and Standards | Jun 16, 2021
Inconsistent building codes make some states more vulnerable to hurricanes
Florida takes top spot for strongest building code in latest IBHS survey.
Codes and Standards | Jun 15, 2021
Growing housing supply gap will worsen affordability crisis
Supply projected to fall 4.5 million units short in 2022.
Codes and Standards | Jun 15, 2021
Florida will allow virtual inspections, building code enforcement, permit issuance
New law will go into effect on July 1, 2021.
Codes and Standards | Jun 10, 2021
New York City cracks down on construction site safety
Buildings Dept. issues new safety legislation for City Council consideration.
Codes and Standards | Jun 9, 2021
ASHRAE updates health care facility ventilation standard
Includes improved guidance on thermal comfort, revisions to air filtration requirements.
Codes and Standards | Jun 8, 2021
American Wood Council releases new fire design specification
For design of wood members, assemblies, and connections to meet code requirements.
Codes and Standards | Jun 7, 2021
Guide provides strategies to overcome barriers to sustainable affordable housing
International Living Future Institute document helps with social, regulatory, and financial hurdles.
Codes and Standards | Jun 3, 2021
Conversion of large office buildings to residential will require revamped regulations
Post-1960 offices present ventilation, daylighting, and other challenges.