Illinois Appellate Court Limits — for Now — Subsequent Purchaser’s Ability to Seek Damages from Design Professional Under Implied Warranty of Habitability
As a quick reminder, the aptly named Implied Warranty of Habitability is a warranty that is implied into every contract involving the sale of a dwelling from a builder to a buyer, that a house will be reasonably suited for its intended use when completed and transferred to the buyer. This warranty only applies to latent defects that interfere with a buyer’s legitimate expectations and that manifest themselves within a reasonable amount of time after the house is purchased. Read the article…………..
We’ve had some exciting court decisions in the condominium field over the past year or so. Here are my Five
Benjamin Franklin once said, “By failing to prepare, you prepare to fail.” Servicers can face significant obstacles in preservation of