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 | Feb 16, 2021
Bechtel joins international heat resilience organization
Experience designing resilience standards to aid effort to protect communities from extreme heat.
Codes and Standards | Feb 10, 2021
More than two-thirds of construction companies say COVID-19 has not impacted their ESOP
Half of survey respondents say 2020 project profitability decreased due to pandemic.
Codes and Standards | Feb 9, 2021
New Jersey approves new electric vehicle-ready home requirement
Homebuyers must be given option for charging station on new construction.
Codes and Standards | Feb 9, 2021
New California law removes barriers to residential development
Measure removes restrictions for ADUs in urban areas and master planned communities.
Codes and Standards | Feb 8, 2021
Alliance yields more accurate data for rating and certifying systems of construction materials
Crosswalk API offers trusted format to specify and procure healthier products.
Codes and Standards | Feb 4, 2021
2021 IBC requires automatic doors for entrances to public buildings
One door must be either a full power-operated door or a low-energy power-operated door.
Codes and Standards | Feb 3, 2021
Two new International Code Council online code tools released
Offer detailed information about global building code usage and U.S. adoptions.
Codes and Standards | Feb 2, 2021
Biden tells OSHA to bolster COVID-19 safety rules
Order could lead to a national playbook for fighting COVID-19 on jobsites.
Codes and Standards | Feb 1, 2021
Fenestration Alliance updates standard for mulled combination assemblies
Last updated in 2010, document describes procedures and requirements for air leakage, water resistance, and structural performance.
Codes and Standards | Jan 28, 2021
Natl. Fire Protection Assn. releases new energy storage system fact sheet
Comes as Biden Administration prepares ambitious clean energy agenda.