Statute of repose does not bar fraudulent concealment claim

A condo association will be allowed to proceed with a lawsuit against the original developers filed 15 years after completion of the project, and despite a 10-year statute of repose. A divided Illinois Supreme Court has applied a “fraud-based” exception to the statute of repose, to allow the condo association to move forward with those causes of action alleging fraudulent concealment on the part of the developer. Interpreting Illinois Statute § 13-214, the case is Henderson Square Condo. Assoc’n v. LAB Townhomes, LLC, 2015 Ill. LEXIS 1267 (Nov. 4, 2015).   Read the article………….


Related Articles

Disclosure Packets and Resale Certificates Revisited: Recent Statutory Amendments

Bills recently passed in the Virginia General Assembly extend the list of items for inclusion in property owners’ association disclosure

Local lawmakers work towards HOA legislation (SC)

Local law makers are working on a draft bill for HOA legislation. The bill will focus on three trending issues

In a community association, who’s actually in charge?

It takes a village to run a community association.  This village typically is composed of an elected board and its