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 | Mar 23, 2020
Florida legislature passes bill to reduce retainage on state and local projects
House and Senate vote is nearly unanimous; law would go into effect Oct. 1.
Codes and Standards | Mar 20, 2020
Feds prod use of eminent domain to force people out of flood-prone homes
Local officials that don’t comply could lose federal money to combat climate change.
Codes and Standards | Mar 19, 2020
ASHRAE provides COVID-19 resources for operating, maintaining HVAC systems
Includes recently approved position document on Airborne Infectious Diseases.
Codes and Standards | Mar 19, 2020
CaGBC launches new version of its Zero Carbon Building Standard
Version 2 draws on lessons from more than 20 zero carbon projects.
Codes and Standards | Mar 16, 2020
Concrete industry reduces carbon footprint by 13% over five years
Result mostly due to more efficient use of Portland cement.
Resiliency | Mar 13, 2020
Feds push use of eminent domain to force people out of flood-prone homes
Local officials that don’t comply could lose federal money to combat climate change.
Codes and Standards | Mar 12, 2020
Design guide for sloped glazing and skylights updated for first time in 30 years
Helps with choosing proper glass for non-residential applications.
Codes and Standards | Mar 11, 2020
Two tree species native to the Northeast found suitable for CLT
Eastern white pine and eastern hemlock pass strength testing.
Codes and Standards | Mar 10, 2020
Prescient receives ICC certification for seismic resilience system
Technology suitable for buildings up to 12 stories in earthquake-prone areas.
Codes and Standards | Mar 6, 2020
Design firms creating plans to re-imagine D.C.’s tidal basin
Area including National Mall is facing increased flood risk.
